The Dissolving Pulp Segment generated EBITDA of $2.1 million and the Security Paper Products Segment generated EBITDA of $3.4 million. Corporate costs contributed EBITDA loss of $1.4 million to EBITDA. EBITDA of $2.1 million for the Dissolving Pulp Segment for the quarter ended June 30, 2015 was an improvement of $5.4 million when compared to the 1Q 2015 EBITDA loss of $3.3 million.
The Company sold 39,664 air dried metric tonnes (“ADMT”) of dissolving pulp in the 2Q 2015 compared to 38,957 ADMT of dissolving pulp in the 1Q 2015. Although market conditions remain challenging, the 2Q 2015 saw slightly improved pricing and industry conditions. However, the Dissolving Pulp Segment continues to be affected by the antidumping duty imposed by China’s Ministry of Commerce in April 2014. The Company continues to have success in diversifying its geographic sales mix and intends to further reduce its dissolving pulp shipments to China by approximately 20% over the balance of the year.
Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products.
