Fortress
FORTRESS PAPER ANNOUNCES EQUIPMENT PURCHASE FOR ITS THURSO MILL
VANCOUVER, British Columbia, June 7, 2010 – Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) announces the signing of a purchase agreement by its wholly owned subsidiary, Fortress Specialty Cellulose Ltd. (“Fortress Specialty”) with Stora Enso Oyi Cellulose Inc. to acquire digesters, specialized process equipment and other ancillary equipment to be used in the conversion [...]
$18M infusion for Thurso pulp mill
The Thurso pulp mill is hoping for a second life with the approval by Hydro-Québec of a cogration project using wood waste to produce electricity for the state-owned utility. Vancouver’s Fortress Paper Inc. will invest just $18 million of its own money for the $153 million conversion of the mothballed Thurso pulp mill near Gatineau, Que., [...]
Helping Protect Financial Integrity
History has shown that our increasing complex financial system faces some unique challenges. Recently, the world of high finance collided with Main Street and the average investor was left to decipher why esoteric instrument such as derivates, swaps, counter-party agreements, packaged subprime loans and credit default swaps were impacting their investments and retirement savings. Overshadowed [...]
