Latest Fortress Paper Cl A (FTPLF) Headlines
Fortress Specialty Cellulose Mill Restarts Operation
Marketwire - Tue Mar 04, 2:02AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that its Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Quebec restarted operations after taking market downtime of 10 weeks. The FSC Mill will be producing initially northern bleached hardwood kraft (NBHK) pulp and expects to ramp-up to normalized production in approximately 15 days. In keeping with the Company's "swing mill" strategy, the FSC Mill will continue to operate by swinging production between both NBHK pulp and dissolving pulp to best respond to changing market conditions, particularly in light of the interim anti-dumping trade duty currently imposed by China's Ministry of Commerce.
Fortress Paper Dissolving Pulp Mill Takes Market Downtime
Marketwire - Tue Dec 17, 4:49PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that it will be taking market downtime at the Fortress Specialty Mill (the "FSC Mill") in Thurso, Quebec. The recent imposition of an interim duty by China's Ministry of Commerce ("MOFCOM") on the import of Canadian dissolving pulp into China has made it uneconomical for the FSC Mill to continue producing dissolving pulp at this time and the current market pricing for northern bleached hardwood kraft (NBHK) pulp is not sufficient to warrant production. The Company anticipates it will take approximately 10 weeks' market downtime at the FSC Mill commencing December 22, 2013, during which employees at the FSC Mill will be encouraged to take their holidays. This market shutdown will also reduce the scheduled June 2014 maintenance shutdown and allow the Company to manage its dissolving pulp inventory build-up which resulted from the volatility and uncertainty in pricing in the short term dissolving pulp market.
Fortress Paper Provides Update on FSC Mill
Marketwire - Mon Dec 09, 4:13PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that three of the four digesters at the Fortress Specialty Mill (the "FSC Mill") in Thurso, Quebec resumed operation today after being shut down since December 5, 2013 to complete required and preventative repairs to piping. Accordingly, the FSC Mill has resumed production and is ramping up operation of the cogeneration facility. The Company anticipates the fourth digester will be operational on December 11, 2013.
Fortress Paper Reports an Incident at FSC Mill
Marketwire - Thu Dec 05, 10:15PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reports that an incident occurred at its Fortress Specialty Mill (the "FSC Mill") in Thurso, Quebec on December 2, 2013, which the Company initially believed was repairable in the normal course. However, upon further investigation it was determined that the incident was caused by an improper third-party pipe fitting installation on one of the four digesters. As the Company continued the investigation into the root cause of the incident it was revealed that there is a significant crack on a similar pipe connected to another digester. To repair the damaged pipe, the Company has determined that the FSC Mill must be shut down until at least December 10, 2013. During this time, a thorough investigation into the efficacy of certain similar pipe installations at the FSC Mill will also be conducted. Accordingly, the impact of the incident will be at least six days' equivalent of lost production.
Rendez-vous de la forêt québécoise - Quebec Forest Industry seeks concrete commitments
CNW Group - Mon Nov 18, 10:00AM CST
The Quebec Forest Industry Council (QFIC) and the senior executives of six major forest companies today strongly urged the government to make a key priority of the issues and challenges of competitiveness that are vital to maintaining the long-term viability of the entire forest industry. They thus invited the government of Quebec to take advantage of the Rendez-vous de la forêt québécoise [provincial forest sector gathering] taking place this week in Saint-Félicien to lay the foundations of a new partnership to support the development of a green economy. Steps in that direction would include the creation of a Strategic Forum on the competitiveness and transformation of the forest industry as well as the establishment of programs to support the transformation of the industry by using Quebec's energy surpluses.
Fortress Paper Responds to Chinese Anti-Dumping Duties and Implements Swing Mill Strategy
Marketwire - Wed Nov 06, 7:30AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that that China's Ministry of Commerce ("MOFCOM") has made a preliminary determination to impose an interim duty on the import of Canadian dissolving pulp into China. The interim duty applied against the Company's dissolving pulp imports will be calculated at 13% of the CIF price to China and will be payable in cash bonds in respect of prospective imports during the period between MOFCOM's preliminary and final determination. The interim duty applied against the Company's imports is consistent with that applied against other Canadian dissolving pulp importers who responded to the investigation.
Global Banknote Market Report: 2013 Edition
M2 - Thu Oct 17, 10:01AM CDT
Research and Markets (http://www.researchandmarkets.com/research/r5jr4h/global_banknote) has announced the addition of the "Global Banknote Market Report: 2013 Edition" report to their offering. Banknote is a promissory note, issued by a bank, which is payable to the bearer on demand. It is also known as a bill' or a note'. According to the existing records, the paper money was first used way back in 7th Century in China. However, the first fully printed banknote appeared in 1853. The banknotes are issued by the Central Bank of the respective countries. In addition to this, the Central Bank is also responsible for the destruction of the unfit banknotes for circulation. Traditionally, cotton paper was used in manufacturing of the banknotes. However, due to high destruction rate of cotton banknotes, polyester substrates are now used in manufacturing of banknotes called polymer banknotes. The banknote issuing authorities are focused to provide high standards of quality and security, apart from ensuring adequate public confidence in the currency. The global banknote issuance is on a continual rise and the same is expected to grow further in the future. In today's business arena, the growth of trade and commerce across all geographic nations can be attributed to the introduction of banknote. In the international market, the US dollar and Euro have a great significance. In recent past, a constant rise in the circulation of the banknotes has been encountered in major economies across the globe. Thus, a constant pressure is built on the banknote manufacturing agencies to maximize their production of banknotes. A positive or a negative influence can be observed on the supply of money due to a number of macro and micro factors. Macro factors include GDP, demography, and inflation; whereas the micro factors are user friendliness and safety, etc. One of the emerging trends in the global banknote industry is the focus of the banknotes issuing authorities and other agencies involved in the manufacturing and circulation of banknotes, on technological innovations. However, over the past years, this industry is suffering from an increased rate of counterfeit currencies. With the ability to manufacture high quality banknotes, ability to develop advance security features and with a constant focus on research and development; the banknote industry encounters an intense competitive environment. Apart from various small players, the major players of this industry include De La Rue plc, Giesecke & Devrient (G&D) Group, Oberthur, Crane Currency, and Fortress Paper Ltd. This report provides an analysis of the global banknote industry. It discusses major challenges faced by the industry along with major market tends and industry developments. The report also includes the competitive structure of the industry, regional analysis and profiles of major players with a discussion of their key business strategies. Key Topics Covered: 1. Banknote Industry 2. Banknote Industry Structure 3. Market Dynamics 4. Competitive Landscape 5. Company Profiles - De La Rue Plc - Geisecke & Devrient Group - Fortress Paper Ltd. For more information visit http://www.researchandmarkets.com/research/r5...l_banknote
Fortress Paper Provides Fortress Specialty Cellulose Mill Operational Update
Marketwire - Fri Oct 11, 3:31PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that it has completed its initial strategic assessment and testing of alternatives for the Fortress Specialty Cellulose Mill ("FSC Mill") and has determined that the best possible strategy is to operate the FSC Mill as a "swing mill". With minor modifications and no capital expenditure, the FSC Mill will be capable of swinging production from dissolving pulp to northern bleached hardwood kraft (NBHK) pulp. As a result of the flexibility derived from being a "swing mill", the FSC Mill will be able to lower its cost structure accordingly when redirecting production from dissolving pulp to NBHK pulp, which, relative to dissolving pulp, is simpler to produce and has a higher yield derived from the same fibre source. In addition, the simplified production process and higher yield of NBHK pulp will result in an increase in production capacity at the FSC Mill by approximately 25% based on producing NBHK pulp compared to dissolving pulp.
Fortress Paper Provides Update on Fortress Specialty Cellulose Mill
Marketwire - Tue Jul 02, 8:02AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Company") wishes to provide an update on its operations at its Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Quebec.
Fortress Paper Announces That Landqart AG Appoints a New Chief Executive Officer for Its Security Paper Products Business
Marketwire - Wed Jun 19, 2:14AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Corporation") is pleased to announce the appointment of Axel Wappler as Chief Executive Officer of its security paper products business, effective July 1, 2013.
Fortress Paper Announces Annual General and Special Meeting Voting Results
Marketwire - Fri May 31, 6:39PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX: FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Corporation held on May 3, 2013 (the "Meeting"):
Fortress Specialty Cellulose Mill Restarts Operation
Marketwire - Tue Mar 04, 2:02AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that its Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Quebec restarted operations after taking market downtime of 10 weeks. The FSC Mill will be producing initially northern bleached hardwood kraft (NBHK) pulp and expects to ramp-up to normalized production in approximately 15 days. In keeping with the Company's "swing mill" strategy, the FSC Mill will continue to operate by swinging production between both NBHK pulp and dissolving pulp to best respond to changing market conditions, particularly in light of the interim anti-dumping trade duty currently imposed by China's Ministry of Commerce.
Fortress Paper Dissolving Pulp Mill Takes Market Downtime
Marketwire - Tue Dec 17, 4:49PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that it will be taking market downtime at the Fortress Specialty Mill (the "FSC Mill") in Thurso, Quebec. The recent imposition of an interim duty by China's Ministry of Commerce ("MOFCOM") on the import of Canadian dissolving pulp into China has made it uneconomical for the FSC Mill to continue producing dissolving pulp at this time and the current market pricing for northern bleached hardwood kraft (NBHK) pulp is not sufficient to warrant production. The Company anticipates it will take approximately 10 weeks' market downtime at the FSC Mill commencing December 22, 2013, during which employees at the FSC Mill will be encouraged to take their holidays. This market shutdown will also reduce the scheduled June 2014 maintenance shutdown and allow the Company to manage its dissolving pulp inventory build-up which resulted from the volatility and uncertainty in pricing in the short term dissolving pulp market.
Fortress Paper Provides Update on FSC Mill
Marketwire - Mon Dec 09, 4:13PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that three of the four digesters at the Fortress Specialty Mill (the "FSC Mill") in Thurso, Quebec resumed operation today after being shut down since December 5, 2013 to complete required and preventative repairs to piping. Accordingly, the FSC Mill has resumed production and is ramping up operation of the cogeneration facility. The Company anticipates the fourth digester will be operational on December 11, 2013.
Fortress Paper Reports an Incident at FSC Mill
Marketwire - Thu Dec 05, 10:15PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reports that an incident occurred at its Fortress Specialty Mill (the "FSC Mill") in Thurso, Quebec on December 2, 2013, which the Company initially believed was repairable in the normal course. However, upon further investigation it was determined that the incident was caused by an improper third-party pipe fitting installation on one of the four digesters. As the Company continued the investigation into the root cause of the incident it was revealed that there is a significant crack on a similar pipe connected to another digester. To repair the damaged pipe, the Company has determined that the FSC Mill must be shut down until at least December 10, 2013. During this time, a thorough investigation into the efficacy of certain similar pipe installations at the FSC Mill will also be conducted. Accordingly, the impact of the incident will be at least six days' equivalent of lost production.
Rendez-vous de la forêt québécoise - Quebec Forest Industry seeks concrete commitments
CNW Group - Mon Nov 18, 10:00AM CST
The Quebec Forest Industry Council (QFIC) and the senior executives of six major forest companies today strongly urged the government to make a key priority of the issues and challenges of competitiveness that are vital to maintaining the long-term viability of the entire forest industry. They thus invited the government of Quebec to take advantage of the Rendez-vous de la forêt québécoise [provincial forest sector gathering] taking place this week in Saint-Félicien to lay the foundations of a new partnership to support the development of a green economy. Steps in that direction would include the creation of a Strategic Forum on the competitiveness and transformation of the forest industry as well as the establishment of programs to support the transformation of the industry by using Quebec's energy surpluses.
Fortress Paper Responds to Chinese Anti-Dumping Duties and Implements Swing Mill Strategy
Marketwire - Wed Nov 06, 7:30AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that that China's Ministry of Commerce ("MOFCOM") has made a preliminary determination to impose an interim duty on the import of Canadian dissolving pulp into China. The interim duty applied against the Company's dissolving pulp imports will be calculated at 13% of the CIF price to China and will be payable in cash bonds in respect of prospective imports during the period between MOFCOM's preliminary and final determination. The interim duty applied against the Company's imports is consistent with that applied against other Canadian dissolving pulp importers who responded to the investigation.
Global Banknote Market Report: 2013 Edition
M2 - Thu Oct 17, 10:01AM CDT
Research and Markets (http://www.researchandmarkets.com/research/r5jr4h/global_banknote) has announced the addition of the "Global Banknote Market Report: 2013 Edition" report to their offering. Banknote is a promissory note, issued by a bank, which is payable to the bearer on demand. It is also known as a bill' or a note'. According to the existing records, the paper money was first used way back in 7th Century in China. However, the first fully printed banknote appeared in 1853. The banknotes are issued by the Central Bank of the respective countries. In addition to this, the Central Bank is also responsible for the destruction of the unfit banknotes for circulation. Traditionally, cotton paper was used in manufacturing of the banknotes. However, due to high destruction rate of cotton banknotes, polyester substrates are now used in manufacturing of banknotes called polymer banknotes. The banknote issuing authorities are focused to provide high standards of quality and security, apart from ensuring adequate public confidence in the currency. The global banknote issuance is on a continual rise and the same is expected to grow further in the future. In today's business arena, the growth of trade and commerce across all geographic nations can be attributed to the introduction of banknote. In the international market, the US dollar and Euro have a great significance. In recent past, a constant rise in the circulation of the banknotes has been encountered in major economies across the globe. Thus, a constant pressure is built on the banknote manufacturing agencies to maximize their production of banknotes. A positive or a negative influence can be observed on the supply of money due to a number of macro and micro factors. Macro factors include GDP, demography, and inflation; whereas the micro factors are user friendliness and safety, etc. One of the emerging trends in the global banknote industry is the focus of the banknotes issuing authorities and other agencies involved in the manufacturing and circulation of banknotes, on technological innovations. However, over the past years, this industry is suffering from an increased rate of counterfeit currencies. With the ability to manufacture high quality banknotes, ability to develop advance security features and with a constant focus on research and development; the banknote industry encounters an intense competitive environment. Apart from various small players, the major players of this industry include De La Rue plc, Giesecke & Devrient (G&D) Group, Oberthur, Crane Currency, and Fortress Paper Ltd. This report provides an analysis of the global banknote industry. It discusses major challenges faced by the industry along with major market tends and industry developments. The report also includes the competitive structure of the industry, regional analysis and profiles of major players with a discussion of their key business strategies. Key Topics Covered: 1. Banknote Industry 2. Banknote Industry Structure 3. Market Dynamics 4. Competitive Landscape 5. Company Profiles - De La Rue Plc - Geisecke & Devrient Group - Fortress Paper Ltd. For more information visit http://www.researchandmarkets.com/research/r5...l_banknote
Fortress Paper Provides Fortress Specialty Cellulose Mill Operational Update
Marketwire - Fri Oct 11, 3:31PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that it has completed its initial strategic assessment and testing of alternatives for the Fortress Specialty Cellulose Mill ("FSC Mill") and has determined that the best possible strategy is to operate the FSC Mill as a "swing mill". With minor modifications and no capital expenditure, the FSC Mill will be capable of swinging production from dissolving pulp to northern bleached hardwood kraft (NBHK) pulp. As a result of the flexibility derived from being a "swing mill", the FSC Mill will be able to lower its cost structure accordingly when redirecting production from dissolving pulp to NBHK pulp, which, relative to dissolving pulp, is simpler to produce and has a higher yield derived from the same fibre source. In addition, the simplified production process and higher yield of NBHK pulp will result in an increase in production capacity at the FSC Mill by approximately 25% based on producing NBHK pulp compared to dissolving pulp.
Fortress Paper Provides Update on Fortress Specialty Cellulose Mill
Marketwire - Tue Jul 02, 8:02AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Company") wishes to provide an update on its operations at its Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Quebec.
Fortress Paper Announces That Landqart AG Appoints a New Chief Executive Officer for Its Security Paper Products Business
Marketwire - Wed Jun 19, 2:14AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Corporation") is pleased to announce the appointment of Axel Wappler as Chief Executive Officer of its security paper products business, effective July 1, 2013.
Fortress Paper Announces Annual General and Special Meeting Voting Results
Marketwire - Fri May 31, 6:39PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX: FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Corporation held on May 3, 2013 (the "Meeting"):
