Fortress Paper Cl A (FTPLF) 3.0175 $FTPLF
Fortress Paper's Durasafe(R) Confirmed for New Swiss Franc Series
Marketwire - Thu May 01, 8:04AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announced today that its Landqart Mill's Durasafe(R) banknote paper has been confirmed as the substrate of the ninth series of the Swiss Franc by the Swiss National Bank (SNB).
China's Ministry of Commerce Announces Final Determination in Anti-Dumping Investigation
Marketwire - Fri Apr 04, 2:02AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) reported today that China's Ministry of Commerce ("MOFCOM" has rendered its final determination in its anti-dumping investigation on the importing to China of cellulose pulp originating from Canada, the United States and Brazil. The final duty imposed by MOFCOM on dissolving pulp imports from the Company's wholly owned subsidiary, Fortress Specialty Cellulose Ltd. ("FSC", remained unchanged from the previously announced interim duty of 13%.
Fortress Paper Receives Deferral on Investissement Quebec Loan
Marketwire - Mon Mar 31, 7:32AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) announced today that it has been granted a deferral on its upcoming principal payment under its $102.4 million project financing loan with Investissement Quebec (the "IQ Loan" relating to its Fortress Specialty Cellulose Mill. The Company received, without penalty, a deferral of approximately $4.3 million in principal repayment which was payable in the second quarter of 2014. This principal payment deferral is in addition to the previously disclosed deferral of approximately $5.3 million in principal and interest payments which were payable during the first quarter of 2014 under the IQ Loan. The purpose of these deferrals is to provide the Company with greater financial flexibility and increased working capital.
Fortress Paper Announces Fourth Quarter 2013 Results
Marketwire - Mon Mar 10, 7:35PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) reported 2013 fourth quarter EBITDA loss of $9.4 million. The Dissolving Pulp Segment generated EBITDA loss of $10.8 million and the Security Paper Products Segment generated EBITDA of $2.7 million. Corporate costs contributed $1.3 million to EBITDA loss.
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.
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's Durasafe(R) Confirmed for New Swiss Franc Series
Marketwire - Thu May 01, 8:04AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announced today that its Landqart Mill's Durasafe(R) banknote paper has been confirmed as the substrate of the ninth series of the Swiss Franc by the Swiss National Bank (SNB). China's Ministry of Commerce Announces Final Determination in Anti-Dumping Investigation
Marketwire - Fri Apr 04, 2:02AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) reported today that China's Ministry of Commerce ("MOFCOM" has rendered its final determination in its anti-dumping investigation on the importing to China of cellulose pulp originating from Canada, the United States and Brazil. The final duty imposed by MOFCOM on dissolving pulp imports from the Company's wholly owned subsidiary, Fortress Specialty Cellulose Ltd. ("FSC", remained unchanged from the previously announced interim duty of 13%. Fortress Paper Receives Deferral on Investissement Quebec Loan
Marketwire - Mon Mar 31, 7:32AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announced today that it has been granted a deferral on its upcoming principal payment under its $102.4 million project financing loan with Investissement Quebec (the "IQ Loan" relating to its Fortress Specialty Cellulose Mill. The Company received, without penalty, a deferral of approximately $4.3 million in principal repayment which was payable in the second quarter of 2014. This principal payment deferral is in addition to the previously disclosed deferral of approximately $5.3 million in principal and interest payments which were payable during the first quarter of 2014 under the IQ Loan. The purpose of these deferrals is to provide the Company with greater financial flexibility and increased working capital. Fortress Paper Announces Fourth Quarter 2013 Results
Marketwire - Mon Mar 10, 7:35PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) reported 2013 fourth quarter EBITDA loss of $9.4 million. The Dissolving Pulp Segment generated EBITDA loss of $10.8 million and the Security Paper Products Segment generated EBITDA of $2.7 million. Corporate costs contributed $1.3 million to EBITDA loss. 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. 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. 
