VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 12/03/14 — Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce today that its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. ("FSC"), has entered into a definitive amendment agreement with Investissement Quebec ("IQ") in respect of its C$102.4 million project financing loan with IQ (the "IQ Loan") relating to its mill located in Thurso, Quebec (th
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/13/14 — Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Company") reported a 2014 third quarter EBITDA loss of $1.5 million. Excluding Fortress Optical Features Ltd. ("Fortress Optical") operations which were sold during the quarter, EBITDA loss for the Company was $1.0 million. The Dissolving Pulp Segment generated EBITDA loss of $1.2 million and the Security Paper Products Segment generated EBITDA of $
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/29/14 — Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) provides a general corporate update relating to its operations.IQ Loan DeferralThe Company has reached an agreement in principle with Investissement Quebec ("IQ"), pursuant to which the Company has been, and will continue to be, granted a temporary deferral on its principal and interest payments under its C$102.4 million project financing
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/15/14 — Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reports that the antidumping duty imposed by China–s Ministry of Commerce ("MOFCOM") on dissolving pulp imports to China from Canada, the United States and Brazil has remained unchanged since its imposition. As a result, the dissolving pulp exports from the Company–s wholly-owned subsidiary Fortress Specialty Cellulose Inc. ("FSC&qu
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/16/14 — Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that it has successfully completed the sale of Fortress Optical Features Ltd. ("FOF") to Nanotech Security Corp. ("Nanotech"), previously announced on August 26, 2014. The purchase price for the sale is up to $17,500,000, subject to a post-closing working capital adjustment and earn-out in respect of 3,000,
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/11/13 — 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 s
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/02/13 — Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that the Company has successfully completed the mandatory 100 hour grid test for its cogeneration facility at its Fortress Specialty Cellulose Mill (the "FSC Mill") and the cogeneration facility is now delivering power to the Hydro Quebec grid at the contracted commercial rate.Chadwick Wasilenkoff, Chief Executive Officer of Fort
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 07/02/13 — 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.During the second quarter, the turbine component of the cogeneration project was successfully synchronized to the power grid on more than one occasion and has operated up to 4 megawatts without incident. The turbine wil
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/19/13 — 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.Mr. Wappler has over 25 years of international experience in the paper and manufacturing industries, with leadership roles in operations, sales and executive management. Prior to joining Fortress Paper
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 05/31/13 — 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"):In addition, at the Meeting shareholders approved: (i) the appointment of PricewaterhouseCoopers LLP, Chartered Accountants as auditors of the Corporation for the ensu
