Fortress Paper Announces New Appointments

Posted: April 23rd, 2012 ;      by

Fortress Paper Ltd. (TSX:FTP) (‘Fortress Paper” or the “Corporation”) announces the appointment of Andre Boucher as Chief Operating Officer of Fortress Specialty Cellulose Inc., a wholly-owned operating subsidiary which produces dissolving pulp. Mr. Boucher has over 30 years of industry experience in the specialty cellulose sector including 24 years at Tembec Inc. where he was [...]

Fortress Paper Announces Fourth Quarter 2011 Results

Posted: March 5th, 2012 ;      by

Fortress Paper Ltd. (“Fortress Paper” or the “Company”) (TSX:FTP) reported 2011 fourth quarter EBITDA loss of $1.5 million. For the third quarter of 2011, EBITDA loss was $0.8 million and for the fourth quarter of 2010, EBITDA was $3.6 million. Fortress reported an adjusted net loss of $6.3 million, or diluted adjusted loss per share [...]

Fortress Paper to Release Fourth Quarter 2011 Earnings

Posted: February 16th, 2012 ;      by

Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP) announced today that it intends to release its fourth quarter financial results for the period ended December 31st, 2011 after the close of the market on Monday, March 5th, 2012. In connection with the release of its results, Fortress Paper Ltd. will host a conference call Tuesday, March 6th, [...]

Fortress Paper Announces Acquisition of Lebel-sur-Quevillon Pulp Mill Assets

Posted: January 31st, 2012 ;      by

Fortress Paper Ltd.  (“Fortress Paper” or the “Company”) (TSX:FTP) is pleased to announce that it has, through its wholly owned subsidiary, Fortress Global Cellulose Ltd.(“Fortress Global”), signed an asset purchase agreement (the “APA”) with 9109-3294 Quebec Inc., a wholly owned subsidiary of the Quebec Ministere du Developpement economique, de l’Innovation et de l’Exportation (“9109″), and Domtar [...]

Fortress Paper Updates Status of Dissolving Pulp Production

Posted: January 17th, 2012 ;      by

Fortress Paper Ltd.  (“Fortress Paper” or the “Company”) (TSX:FTP)  is pleased to announce that it has ramped up production of dissolving pulp at its Fortress Specialty Cellulose Mill to approximately 60% of final targeted capacity since it announced production of dissolving pulp had commenced on December 5, 2011. The ramp up of production continues substantially [...]

The Globe and Mail lists Fortress Paper as one of the best small business videos in 2011.

Posted: January 3rd, 2012 ;      by

Fortress Paper’s part two interview with Talking to Entrepreneurs called:  “Fortress Paper’s big money business’ made the Globe and Mail’s Report on Small Business 2011 top ten best small business videos. Watch here: CEO and chairman of Fortress Paper,  ‘Talking to Entrepreneurs’ video series: PART ONE: Fortress Paper chief turns tired mill into multimillion-dollar venture PART [...]

Fortress Paper Announces Increase in Previously Announced Public Offering of Convertible Debentures to $35 Million

Posted: December 8th, 2011 ;      by

Fortress Paper Ltd. (TSX:FTP) (“Fortress Paper” or the “Company”) is pleased to announce that, in response to strong investor demand, it has increased its previously announced bought deal public offering from $30 million to $35 million principal amount of convertible unsecured subordinated debentures (the “Debentures”) on the same terms as the previously announced offering. A [...]

Fortress Paper Commences Dissolving Pulp Production and Provides Corporate Update

Posted: December 5th, 2011 ;      by

Fortress Paper Ltd. (“Fortress Paper” or the “Company”) (TSX:FTP) announced today that it has commenced dissolving pulp production at its Fortress Specialty Cellulose Mill in Thurso, Quebec. The centerpiece of the project, a new state of the art pre-hydrolized kraft cooking plant, came on line successfully on Sunday. The commencement of dissolving pulp production signifies [...]

Fortress Paper Commences Start-Up Phase at Fortress Specialty Cellulose Mill

Posted: November 24th, 2011 ;      by

VANCOUVER, BRITISH COLUMBIA-(Marketwire – Nov. 24, 2011) Fortress Paper Ltd. (“Fortress Paper” or the “Company”) (TSX:FTP) announced today that it has initiated the final stages of the conversion project at its Fortress Specialty Cellulose Mill. The mill has commenced its start-up phase with final process testing, which will include cold and hot water trials, together with [...]

Financial Post Q and A with Fortress Paper CEO

Posted: November 22nd, 2011 ;      by

Fortress Paper CEO looks for opportunity where others see problems, “Paper Profit”. The Canadian forest and paper products sector is far away from it’s peak. Companies have been hit hard by the financial crisis, penalized by the strong Canadian dollar, and crippled by balance sheets that are over leveraged. However, out of challenging times, emerges [...]