Chadwick Wasilenkoff, CEO and Director of Fortress Paper has been nominated by Ernst & Young for Entrepreneur Of The Year 2010.
The firm recognizes high-achieving entrepreneurs who make a difference in the global economy Canada’s most successful entrepreneurs improve the quality of life for people across the globe.
“This year’s exceptional Pacific finalists all share a commitment to innovation, an inherent ability to spot opportunities and the perseverance to keep trying,” says Fred Withers, Director of the Entrepreneur Of The Year Awards for the Pacific region. “They have the ability to help drive the economic rebound and propel growth throughout Canada and beyond.” According to a recent Ernst & Young publication, A world of opportunity: Entrepreneurial perspectives on the impact of globalization, entrepreneurs have been quick to seize opportunities presented by the opening of new markets.
Fortress Paper CEO & Director Chadwick Wasilenkoff did just that when he formed a new company who jumped on an opportunity to transform a near-bankrupt pulp mill in Thurso, Quebec into a specialized pulp mill that will begin making dissolving pulp and targeting the textile industry (dissolving pulp is used to make rayon) by 2011.
In the meantime, however, the mill has continued to make NBHK pulp, and at precisely the right time.
“The NBHK market, which was in a severe downturn, turned up because of factors such as the Chile earthquake and a strike in Sweden,” wrote Tony Wanless in an article for BC Business. “Suddenly, the plant that was closed because of low NBHK prices was turning a profit that will continue during the conversion. ”
In addition to forming this new company – Fortress Specialty Cellulose – Fortress Paper remains a world leader in specialty and security papers.
The Entrepreneur Of The Year award recognizes high-achieving entrepreneurs in Canada and around the world who drive growth, transform industries and build communities.
The names of the Pacific winners will be announced at a gala banquet in Vancouver on September 28, and the overall winner will represent the region at the national banquet in Toronto on November 17.