Archive for May, 2010
Filed under: Specialty Cellulose Production
Fortress Paper Closes Acquisition to Enter the Specialty Cellulose and Bio-Energy Sectors and the Associated Financing
by Trevor J. Murphy on May 2nd, 2010
VANCOUVER, British Columbia, April 30, 2010 – Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”), a leading producer of security and specialty papers, is pleased to announce the successful completion of its acquisition of the assets of a northern bleached hardwood kraft (“NBHK”) manufacturing facility located in Thurso, Quebec (the “Thurso Mill”) from Fraser Papers Inc. (“Fraser”) for net proceeds of approximately $...
Filed under: Thurso Pulp Mill
Solidarity Fund QFL Helps Reopen Thurso Pulp Mill and 290 Jobs Will be Recalled
by Trevor J. Murphy on May 1st, 2010
MONTREAL - With a $15 million investment, the Solidarity Fund QFL (the "Fund") is playing an active role in the re-opening of the pulp mill in Thurso, in the Outaouais region. The project is part of an acquisition of the old Fraser Paper mill, which shut down in June 2009, by Fortress Specialty Cellulose Inc., a subsidiary of Fortress Paper Ltd., a leading global producer of security paper (e.g. banknotes) and specialty papers such as wallpaper. ...