Fortress Paper Ltd.

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Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP) announces that the parties to the purchase agreement for the previously announced acquisition of the non-operating pulp mill located at Lebel-sur-Quevillon, Quebec from Domtar Inc. have agreed to an extension to the closing date. Fortress Paper continues to work diligently with the other parties to satisfy all the conditions precedent to closing, and the transaction is expected...

As part of their coverage on Small Business Week, The Globe and Mail launched a three-part video series entitled Talking To Entrepreneurs focused on Fortress Paper Ltd. In the series the Globe and Mail’s Small Business Editor Katherine Scarrow sits down with Fortress Paper CEO Chad Wasilenkoff to discuss various aspects of his company. Speaking about his nature as a self-proclaimed “contrarian investor,” Wasilenkoff presents a snapsho...

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...

For contrarian Chad Wasilenkoff, a nose for overlooked potential led him to a pulp mill in Thurso. Bert Hill reports for The Ottawa Citizen. OTTAWA — From golf courses to art auctions and old mill towns, value can hide in unexpected places. Just ask Chad Wasilenkoff, the 38-year-old chief executive officer of Fortress Paper Ltd. When he was a child in Calgary he built a savings account fishing golf balls out of ponds and buying and sel...

When life deals you pulp, you make cellulose. Learn how to recognize business opportunities, then reach out and grab them. Any business needs a coherent strategy if it hopes to succeed. However, in a climate where marketplace and financial changes are becoming ever more rapid, clinging mindlessly to a strategy can be a recipe for disaster. Simply put, companies today must be more agile in their thinking to take advantage of business opportunit...

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2010) - Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Corporation") announces the following appointments at its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. ("Fortress Specialty"): Peter Vinall as President and Chief Executive Officer, Vincent Byrne as Vice President, Technical Development and Donald Deer as Projects Leader. In addition, Fortress Specialty has added Pierre...

There's a new kid on the block and he's playing by a different set of rules. Brimming with confidence, enthusiasm, and steadfast resolution to succeed, Fortress Paper offers a fresh perspective for Canada's pulp and paper sector. With its recent acquisition of the idled Thurso pulp mill located in the Outaouais region of western Quebec, Vancouver-based Fortress Paper plans not only to make a splash on the market, but a significant profit, too....

TORONTO -- Fraser Papers has completed the sale of its two Canadian mills, located at Thurso, Que. and Edmunston, N.B., in two separate transactions, leaving the insolvent paper company with no Canadian pulp and paper operations. The Thurso mill was sold to Fortress Paper. The Edmunston facility was sold as part of the specialty papers business, along with a mill in Madawaska, Maine, and two New Brunswick sawmills, to Twin Rivers Paper Company...

Fortress Specialty Cellulose Inc. began production and sale of NBHK pulp from the company's mill in Thurso, Que., on May 28. The mill reopened May 1 after being shut down by its former owner in early 2009. Chad Wasilenkoff, CEO of parent company Fortress Paper Ltd., commented: "We are pleased that production has commenced ahead of schedule and this will enable us to take advantage of the current strong NBHK pulp prices." Fortress Specialty'...