Fortress Paper Ltd.

A soon-to-be re-opened pulp mill in Prince Albert, Saskatchewan has begun generating power through its on-site cogeneration facility. The power will be used to run the mill once it’s up and running, and is already contributing to the SaskPower provincial grid. “According to Prince Albert mayor Jim Scarrow, the plant is producing power from the mill's bio-mass boiler and power turbine and the company is now selling back that power,” CT...

Nova Scotia’s provincial government announced yesterday it would contribute $124.5 million to re-open an idle paper mill in Port Hawkebury. The NewPage mill closed nearly a year ago in September 2011. The multi-million dollar deal they have offered would help Pacific West Commercial Corp. – the owners of the mill – re-start and reinvigorate the facility and the workforce in the region. “We have indeed done everything we can to keep ...

A power plant in Aitkokan, Ontario will undergo a conversion over the next two years that will change the facility’s focus from coal to biomass. The conversion project for the Atikokan Generating Station, located about 200km northwest of Thunder Bay, will begin later this year and is scheduled to be fully operational by 2014. Upon completion, it will provide more than 200 megawatts of energy to the provincial power grid. The plant will us...

To read the Fortress Paper press release, please click here....

A new multi-year contract signed this month solidified a continuing relationship between Lenzing AG and Sappi Ltd. in the dissolving pulp sector. The deal outlines a plan whereby Lenzing – a company that specializes in manufacturing man-made cellulose fibres – will procure dissolving pulp from Sappi in order to manufacture its products. According to a press release issued by Lenzing, the deal “intensifies a long-time cooperation between ...

A pulp mill in Terrace Bay has found a new lease on life thanks to its new owner who intends to transform the facility into a dissolving pulp plant. Indian-owned Aditya Birla Group purchased the northwestern Ontario mill earlier this month through its Canadian subsidiary AV Group. The reported price of purchase for the idled mill was $110 million, according to Pulp and Paper Canada, though the company will invest nearly $250 million more to co...

Following a recent certification of a section of forestlands in Québec, Resolute Forest Products became the largest manager of FSC certified forests in North America this week. Under the new agreement, Resolute now manages a total of 10.3 million hectares (25.6 million acres) on the continent, an area twice the size of Nova Scotia and larger than Portugal, Hungary or South, Korea reported Pulp And Paper Canada. “Becoming the world's larg...

Several forest industry and conservation groups have developed a plan that would encourage sustainable harvesting and ecological protection in Ontario. According to the Globe & Mail, the Canadian Boreal Forest Agreement (CFBA) outlines a plan in which “some 835,000 hectares in the Abitibi River forest – an area roughly the size of Yellowstone Park in the U.S. – will be excluded from timber harvesting in order to protect the threatene...

Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce today that it has closed the acquisition of the pulp mill assets located at Lebel-sur-Quevillon, Quebec (the "LSQ Mill") previously announced on June 14, 2012. The collective agreements with the unionized employees of the LSQ Mill have been ratified, the documents held in escrow have been released and the acquisition has now completed. Source: Fortress Pap...

Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP) is pleased to announce that through its wholly owned subsidiary, Fortress Global Cellulose Ltd. ("Fortress Global"), it has successfully closed, in escrow, the asset purchase agreement ("Purchase Agreement") previously entered into with 9109-3294 Quebec Inc. ("9109"), a wholly owned subsidiary of the Québec Ministere du Developpement Economique, de l'Innovation et de l'Exporta...