Posts Tagged ‘Fortress Paper Ltd.’

“Entrepreneurial paper chief explains contrarian investing strategy” in the Globe & Mail’s Small Business Week Interview. (Part 3)

Posted: Thursday, October 20th, 2011

The Globe & Mail three part series called ‘Talking to Entrepreneurs’ featured Chad Wasilenkoff, CEO Fortress Paper. In part three of the Globe and Mail’s Small Business Editor Katherine Scarrow’s feature video interview with Fortress Paper CEO Chad Wasilenkoff, where she called Chad Wasilenkoff, Fortress Paper a “born entrepreneur”.

Fortress Paper CEO Chad Wasilenkoff discusses growing up an entrepreneur, and why he’s always looking for a good deal in part 3 of Talking to Entrepreneurs

To watch part three of ‘Talking to Entrepreneurs’ please click HERE.

Part 1: ‘Fortress Paper chief turns tired mill into major venture.’ Watch video HERE

Part 3: ‘Entrepreneurial paper chief explains contrarian investing strategy’. Watch video HERE

The Globe & Mail three part series called ‘Talking to Entrepreneurs’ featured Chad Wasilenkoff, CEO Fortress Paper.

In part three of the Globe and Mail’s Small Business Editor Katherine Scarrow’s feature video interview with Fortress Paper CEO Chad Wasilenkoff, where she called Chad Wasilenkoff, Fortress Paper a “born entrepreneur”.

Fortress Paper CEO Chad Wasilenkoff discusses growing up an entrepreneur, and why he’s always looking for a good deal in part 3 of Talking to Entrepreneurs

To watch part three of ‘Talking to Entrepreneurs’ please click HERE.

Watch Other Videos In The Series:

Part 1: ‘Fortress Paper chief turns tired mill into major venture.’ Watch video HERE

Part 3: ‘Entrepreneurial paper chief explains contrarian investing strategy’. Watch video HERE

SOURCE:

The Globe and Mail: “Fortress Paper’s big money business”

Globe & Mail Small Business Week Interview Featuring Fortress Paper (Part 2)

Posted: Wednesday, October 19th, 2011

Globe & Mail Small Business Week Interview Featuring Fortress Paper (Part 2)

In part two of the Globe and Mail’s Small Business Editor Katherine Scarrow’s feature interview with Fortress Paper CEO Chad Wasilenkoff, they discuss how printing and protecting money is big business for Fortress Paper.

 Mr. Wasilenkoff discusses Fortress Paper being the ‘sole maker’ of the Swiss Franc for thirty years and how Fortress Paper is in the final stages of the next series Swiss Franc that will come out next year and “be the most state of the art and have more counterfeit features than any other banknote in the world”.

 To watch Part 2 of Fortress Paper in their three-part video series entitled Talking To Entrepreneurs, please click HERE.

 Part 1: Printing and protecting money big business for Fortress Paper.  Watch video HERE

 Part 3: Entrepreneurial paper chief explains contrarian investing strategy. Watch video HERE

SOURCE:

 The Globe & Mail: “Printing and Protecting Money Big Business for Fortress Paper

 

BBC Features Fortress Paper’s Banknote Facility

Posted: Friday, September 23rd, 2011

BBC News visited Fortress Paper’s facility in Landquart, Switzerland this week to learn about the process of making banknotes.

In a video featured in the BBC’s Business section, Marco Ziethen, the production manager at Landquart, takes reporter Lucy Burton through a step-by-step guide to manufacturing banknotes. From importing, refining and bleaching cotton, Ziethen showed how cotton gets turned into currency. Ziethen also explained how, as the paper is being made, security features are embedded in order to prevent counterfeiting of whatever currency is being produced.

The Landquart facility produces an astonishing number of banknotes each day, said the BBC.

“Each pallet has 18,000 sheets of paper on it. Each sheet will eventually be cut into 54 notes. That is an impressive 972,000 notes on each pallet. The mill runs 24 hours a day and it takes half an hour to make a pallet. So, overall, the mill can turn out around 46,656,000 notes per day,” Burton wrote. “If they are making 500-euro notes that day, the amount of money passing through these doors is simply mind-boggling.”

Vancouver-based Fortress Paper Ltd., has made significant strides in production since they began running the Swiss mill, going from “producing less than 1,000 tonnes of paper per year to 10,000 tonnes per year,” according to the BBC article.

Getting to this point, however hasn’t been easy. In another video posted on their site, Fortress Paper CEO Chad Wasilenkoff said the business provided some initial challenges.

“The banknote and passport industry is a very closed group of people,” he said. “A lot of the companies that are operating in this space have been operating since the 1500s or 1600s so we’re a fairly new entry into this.”

Getting reference orders and new contracts with national banks can be challenging, said Wasilenkoff, but Fortress has made some impressive in-roads acquiring large contracts with countries such as Switzerland to produce the Swiss franc – considered to be an industry standard in security.

In addition to these contracts, the banknote industry is one that is perpetually in flux. As technologies change, national banks have to keep updating security features on their banknotes to curb counterfeiting.

“Fortress hopes that the Landquart mill can help banks to ‘stay ahead of the curve’ and of course – make some money in the process,” Burton wrote.

Read the full BBC article and watch the videos HERE.

SOURCE:
BBC News: “How To Make Money From Making Money”

Fortress CEO Discusses High Tech Forestry Sector On BNN

Posted: Thursday, July 14th, 2011

Fortress Paper Ltd. CEO Chad Wasilenkoff appeared on the Business News Network this week to talk about the resurgence of the Canadian forestry sector thanks to diversification of products and forward thinking attitudes in the industry.

The forestry sector has “gone through a couple of challenging decades,” he said on Tuesday. “So we now need to change that sector and drive forth with new innovation and cutting edge technology to remain globally competitive.”

In the past, the forestry sector was mainly concerned with just wood and pulp. Changing that direction is what is allowing the forestry sector to thrive once again, said Wasilenkoff.

Echoing some of the themes found in an article recently published in the Vancouver Sun and the Windsor Star, Wasilenkoff said today’s foresty sector is now driven by high-tech initiatives, focusing on areas such as biochemistry, genetics, computer modeling, satellite imagery, and digital processing – among others.

The industry now is “more of a biorefiner,” Wasilenkoff said. “We’re taking the wood, we’re breaking it down to the molecular level and extracting as many products as we can to get as much value out of that wood as possible.”

Wasilenkoff also spoke about the Bio-Pathways project – a government sponsored initiative to further research and development in the sector – as well as his own company’s plans for the future with their dissolving pulp mill located in Thurso, Quebec.

Watch the entire video HERE

SOURCE:
BNN: “High Tech Forest Sector”
BNN: “Saving The Forestry Sector One Innovation At A Time”

Future of Canada’s Forestry Sector is Renewable

Posted: Wednesday, July 6th, 2011

by CHAD WASILENKOFF

Push aside dated notions of our global forestry sector as dominated by lumberjacks focused solely on logging trees and processing the wood. Today’s forests are increasingly high-tech with employees skilled in biochemistry, genetics, computer modeling, satellite imagery, and digital processing.

Today’s bio-economy is a dynamic global market that mirrors a paradigm shift to products that originate from natural renewable sources. Mills that have focused on processing timber and pulp are beginning to diversify into bio-energy, bio-chemicals and bio-materials which include wood fibre and biomass that is converted into renewable fuel, food additives, non-toxic chemicals, solvents, plastics, textiles, and other products.

The International Council of Forest and Paper Associations, (ICFPA), which represents the global forest and paper industry, champions the role of our global forest sector as a central, thriving player in our new bio-age. The international forest and paper industry is committed to the principles of sustainable development and ensuring that the environmental, social and economic benefits of our natural resources are available to current and future generations. Studies have shown that by repurposing the chemicals and bio-materials extracted from trees, we can tap into a potential global market estimated at around $200 billion.

The global forestry industry is a vital benefactor to our world’s sustainable development. The worldwide forestry sector supports thousands of communities as a supplier of millions of jobs across the globe. The forestry sector prides itself on its use of renewable raw material and record of sustainable forest management and application of cleaner technologies in an increasing number of mill operations. More and more mills across the world are converting their wood residues into heat and power for their own operations with most of the sector’s energy coming from waste biomass with some facilities already acting as net sources of green power. With its strong reliance on biofuels, maximum recycling rates and the storage of carbon in its wood and paper products, our global forestry sector is at the forefront of the renewable era.

The forestry sector is finding new life in innovative and creative solutions that are not only helping the once struggling industry turn around, but also helping to usher in a green movement. After two years of work by FPAC, FPInnovations, and the Canadian Forest Service (CFS) of Natural Resources Canada, a new program called the Bio-pathways Project was set into motion this year with the goal of revitalizing the Canadian forestry sector. The project looks outside of traditional uses for wood, lumber, pulp and paper in an effort to create new jobs and sectors with a more sustainable future for the country and its citizens. New, innovative products include bio-active paper – paper towels than can indicate contamination; nanocrystalline cellulose composites that can replace materials in aircraft; wood-based textiles (such as rayon); and cross-laminated timber – a technology that produces strong beams and panels for construction products.

As the CEO of a security and specialty pulp and paper company, we are in the process of transforming Quebec’s Thurso mill from a traditional pulp mill to a specialty dissolving pulp operation. Dissolving pulp, a chemically refined bleached pulp of pure cellulose fibers extracted from trees that are used to produce rayon, is a popular cotton substitute in China and other markets. With our Quebec facility, we are transforming an under-utilized asset which struggled for market-share in the low-value add commodity marketplace. The evolution to dissolving pulp from traditional pulp metamorphoses the mill into a globally competitive, low-cost producer with a sustainable and profitable long-term future.

The future of the forestry sector is here today and it offers a bold, innovative, profitable and environmentally conscious path for the industry. Our global concern to reduce greenhouse gas emissions leads us through the forest to invest in renewable energy technologies that use wood fibre. As more forestry firms invest in technologies to increase their reliance on biomass for fuel versus fossil fuels, we drive the future of the forest sector to develop new biotechnologies, new jobs and greener prospects.

As our global forestry sector expands and leads the way to produce new and innovative bioproducts, we will experience greatly enhanced employment opportunities and financial returns than from traditional stand-alone mills. By incorporating new technologies into existing mills, we can ensure that these integrated operations will utilize all parts of the trees and extract the most value possible to ensure an environmentally friendly, sustainable, and profitable future.

About the Author:
As Fortress Paper’s Chairman, Chief Executive Officer and Director, Chadwick Wasilenkoff, oversees the company’s production of security and other specialty papers. Based in Vancouver, Canada, Wasilenkoff is an established entrepreneur with extensive capital markets experience specializing in the resource industry and currently serves as a director with various publicly listed companies.

SOURCE:
Vancouver Sun: “Future of Canada’s Forestry Sector is Renewable”
The Windsor Star: “A Renewable Forestry”
International Forest Industries: “Future of Canada’s Forestry Sector is Renewable”
The Post-Journal: “Future Of Global Forestry Sector Is Renewable”

Chad Wasilenkoff Nominated as one of BNN’s Top Newsmakers 2010

Posted: Wednesday, December 22nd, 2010

Chad Wasilenkoff, CEO of Fortress Paper Ltd., made it onto BNN’s Top Newsmaker of the Year 2010, a list that recognizes game-changing business leaders in Canada.

Wasilenkoff was acknowledged this year for picking up the bankrupt pulp mill in Thurso, Quebec and acquiring Optical Security Assets from the Bank of Canada, a division that makes security threads for paper money. His original $2-million investment in Fortress is worth 80 million today, and his stock is up 300% over the last year.

Saskatchewan Premier Brad Wall was chosen as the Top Newsmaker of 2010 for his role in the tabled hostile takeover of Potash Corporation by BHP Billiton.

Source:

Broadcaster: “BNN Names Brad Wall as Year’s Top Business Newsmaker”

Leader Post: “BNN names Premier Brad Wall the Canadian Newsmaker of the Year”

BNN’s Brett Harris Highlights Fortress Paper on “The Close”

Posted: Thursday, December 9th, 2010

Brett Harris, Western Bureau Chief for the Business News Network, discussed Fortress Paper’s recent acquisition in an interview yesterday.

The acquisition of the Bank of Canada’s division of Optical Security Material was described by Brett as a “relatively small, but pretty interesting one.”

According to Brett, the purchase will lower costs for Fortress and make them more competitive.  They will be able to produce something themselves that they had to go elsewhere to buy in the past, which in turn will allow them to push forward with their business.

Stay tuned for more information on the acquisition.

Fortress Paper Announces Acquisition of Optical Security Assets From the Bank of Canada

Posted: Wednesday, December 8th, 2010

VANCOUVER, BRITISH COLUMBIA — (Marketwire – Dec. 8, 2010)

Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP) announces the signing of an asset purchase agreement (the “APA”), by its wholly-owned subsidiary Fortress Optical Features Ltd., to acquire the assets of the Bank of Canada’s Optical Security Material (OSM) division (the “OSM Assets”), which produces the optically variable security material for the security threads contained in Canadian banknotes. The Corporation will be paying a purchase price of $750,000 for the OSM Assets and will be granting the Bank of Canada a royalty-free license to use the intellectual property sold to the Corporation for Canadian banknote applications.

Chad Wasilenkoff, CEO of Fortress Paper, commented, “We are very pleased to announce this new acquisition which will supplement our existing paper-based high security feature offerings and which we intend to market as a security feature to other banknote producers around the world. The OSM features will complement and enhance our Landqart Mill which is a leading producer of banknote paper and other paper-based high security solutions.”

The OSM Assets being acquired by Fortress Paper include certain patent applications and intellectual property rights to optical security features, unique security applications and substantially all of the production equipment and machinery currently used at the OSM division. In connection with this acquisition, Fortress has also secured the services of certain key members of the OSM team to maintain operational continuity and production quality following the purchase of the OSM Assets.

The closing of the APA, which is expected to be in early January, 2011, is subject to customary conditions. Following closing of the acquisition of the OSM Assets, the Corporation intends to relocate the OSM Assets to a new multi-million dollar high security production and research and development facility which the Corporation will be building adjacent to its Thurso Mill in Quebec (the “New OSM Facility”).

About Fortress Paper

Fortress Paper is a leading international producer of security and other specialty papers and products. Fortress operates three mills, the Landqart Mill located in Switzerland, the Dresden Mill located in Germany and the Fortress Specialty Cellulose Mill located in Quebec, Canada. Fortress Paper’s security papers include banknote, passport and visa papers and its specialty papers include non-woven wallpaper base products, and graphic and technical papers. Fortress Paper’s pulp business includes NBHK produced at the Fortress Specialty Cellulose Mill with plans to convert this capacity into dissolving pulp production along with the construction of a biomass based cogeneration plant.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Fortress Paper with respect to its performance, business and future events, including statements relating to the Corporation’s completion of the APA, its ability to retain key members of the OSM team, its intention to relocate the OSM Assets to the New OSM Facility, the construction of the New OSM Facility and the expected effects of the acquisition on the business of the Corporation. Forward looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Corporation operates, including assumptions that the Corporation will successfully complete the APA, retain key members of the OSM team, complete construction of the New OSM Facility and successfully relocate and integrate the OSM Assets thereat, and that the OSM Assets will enhance the Corporation’s security paper business. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, regulatory requirements, competition, risks associated with the completion of the APA, the building of the New OSM Facility, that the Corporation will be able to implement its business plan in respect of the OSM Assets as planned or at all, that the acquisition will not have the expected effect on the Corporation’s business, and other risk factors listed from time to time in the Corporation’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Fortress Paper does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

For further information please contact:

Fortress Paper Ltd.
Chadwick Wasilenkoff
604-904-2328
info@fortresspaper.com
www.fortresspaper.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Fortress Paper to Release Third Quarter 2010 Earnings

Posted: Wednesday, October 27th, 2010

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 26, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Fortress Paper Ltd. (TSX:FTP) (“Fortress Paper” or the “Corporation”) announced today that it intends to release its third quarter financial results for the period ended September 30th, 2010 after the close of the market on Monday, November 8th, 2010. In connection with the release of its results, Fortress Paper will host a conference call Tuesday, November 9th, 2010 at 9:30 a.m. (PST) to discuss the financial results and the Corporation’s operations. Mr. Chadwick Wasilenkoff, Chief Executive Officer, Alfonso Ciotola, President, Erich Sulser, Chief Operating Officer, Kurt Loewen, Chief Financial Officer and Peter Vinall, Chief Executive Officer of Fortress Specialty Cellulose Inc. will host the call.

To participate in the conference call, please dial one of the following numbers:

Dial In Numbers:
604-681-0262 Vancouver
403-532-8075 Calgary or International
780-429-7423 Edmonton
647-837-0597 Toronto
613-683-0932 Ottawa
514-788-7663 Montreal

Toll Free Dial In Number: 1-877-353-9586 from Canada and USA

Participant Pass Code: 22696#

A replay of the conference call will be available for 7 days. To access the replay, listeners may dial 1-877-353-9587 from Canada & the USA or dial 403-699-1055 from local Calgary or International. The pass code to access the replay is 388891#.

About Fortress Paper Ltd.

Fortress Paper is a leading international producer of security and other specialty papers and products. Fortress operates three mills, the Landqart Mill located in Switzerland, the Dresden Mill located in Germany and the Fortress Specialty Cellulose Mill located in Quebec, Canada. Fortress Paper’s security papers include banknote, passport and visa papers and its specialty papers include non-woven wallpaper base products, and graphic and technical papers. Fortress Paper’s pulp business includes NBHK produced at the Fortress Specialty Cellulose Mill with plans to convert this capacity into dissolving pulp production along with the construction of a biomass based cogeneration plant.

CONTACT INFORMATION:

Fortress Paper Ltd.
Chadwick Wasilenkoff
604-904-2328
info@fortresspaper.com
www.fortresspaper.com

Fortress Paper Enters Into Dissolving Pulp Supply Agreements

Posted: Monday, October 4th, 2010

Fortress Paper Ltd. (“Fortress Paper” or the “Company”) (TSX:FTP) is pleased to announce that it has, through a wholly-owned subsidiary, entered into dissolving pulp supply agreements with two producers of viscose fibre (rayon) products located in China, for the delivery of an aggregate of approximately 84,000 air dried metric tonnes (“ADMT”) of dissolving pulp per annum at a purchase price based on prevailing market prices in China, subject to a minimum price of US$1,200 per ADMT and a maximum price of US$1,600 per ADMT. The pulp supply agreements are each for a term of five years, with Fortress commencing the supply of dissolving pulp in the third quarter of 2011.

Dissolving pulp will be supplied by the Fortress Specialty Cellulose Mill which is planned to have an annual production capacity of more than 200,000 ADMT upon its completion, which is expected to occur in mid-2011.

Chadwick Wasilenkoff, Chief Executive Officer of Fortress Paper, commented: “These dissolving pulp supply agreements will provide a hedge against potential volatility in future dissolving pulp prices which we believe should provide greater normalized operating results in this segment.”

About Fortress Paper

Fortress Paper is a leading international producer of security and other specialty papers and products. Fortress operates three mills, the Landqart Mill located in Switzerland, the Dresden Mill located in Germany and the Fortress Specialty Cellulose Mill located in Quebec, Canada. Fortress Paper’s security papers include banknote, passport and visa papers and its specialty papers include non-woven wallpaper base products, and graphic and technical papers. Fortress Paper’s pulp business includes NBHK produced at the Fortress Specialty Cellulose Mill with plans to convert this capacity into dissolving pulp production along with the construction of a biomass based cogeneration plant.
This press release contains certain forward-looking statements that reflect the current views and/or expectations of Fortress Paper with respect to its performance, business and future events, including statements regarding Fortress Paper’s planned conversion of the Fortress Specialty Cellulose Mill into a dissolving pulp production facility, the expected production capacity thereat, and expected financial results of the pulp supply agreements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks relating to the ability of Fortress to complete the conversion of the Fortress Specialty Cellulose Mill, that the specialty cellulose operation will not be successful or profitable and will not meet anticipated production capacities, that the purchasers will not fulfill their obligations under the pulp supply agreements, changes in the market, potential downturns in economic conditions, fluctuations in the price and supply of raw materials, foreign exchange fluctuations, labour relations, regulatory requirements, reputation, competition, dependence on major customers, and other risk factors listed from time to time in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Fortress Paper does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.