Archive for the ‘Landqart’ Category

Fortress Paper Provides Landqart Operational Update

Posted: Thursday, June 7th, 2012

Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP), announces that its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart’s operations in the first half of 2012.

Chadwick Wasilenkoff, Chairman, Chief Executive Officer and President of Fortress Paper, commented, “The recommencement of this previously delayed order will provide Landqart with momentum to realize additional orders and maximize operating efficiencies. This important order allows Landqart to better optimize the overall mill and should provide a meaningful contribution to its margins compared to recent quarters.”

Sources: Marketwire, Fortress Paper