Fortress Paper Ltd. reported 4Q 2016 operating EBITDA of $6.4 million, an increase of $3.1 million versus the prior year period and a decrease of $1.2 million over the previous quarter. The Dissolving Pulp Segment generated operating EBITDA of $6.7 million and the Security Paper Products Segment generated operating EBITDA of $1.6 million. Corporate costs included in operating EBITDA were $1.9 million.

Fortress Paper 4Q operating EBITDA increased to $6.4 million

Fortress Paper Ltd. reported 4Q 2016 operating EBITDA of $6.4 million, an increase of $3.1 million versus the prior year period and a decrease of $1.2 million over the previous quarter. The Dissolving Pulp Segment generated operating EBITDA of $6.7 million and the Security Paper Products Segment generated operating EBITDA of $1.6 million. Corporate costs included in operating EBITDA were $1.9 million.

"Management is pleased to report an improved quarter of operating EBITDA compared to the prior year. As noted in our 3Q release, the 4Q is typically a seasonally slow period due to the annual maintenance shut and the winter conditions experienced at the FSC mill. We are very encouraged that the fourth quarter at the FSC mill represented the best fourth quarter for the mill since its restart after its conversion to a dissolving pulp mill. We produced 5% more tonnes versus the prior year period and quality improved significantly," stated CEO Yvon Pelletier. "The Company's 1Q is expected to result in a larger year over year improvement partly because management believes that the FSC mill has made significant progress in resolving issues related to digester productivity encountered during previous winters. Management anticipates Company operating EBITDA to materially improve in 2017 compared to 2016."

Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products.