Fortress Paper

15.07.19, Lesprom Network

Fortress Bioenergy received $3.4 million in restricted cash

Fortress Global Enterprises Inc. ("Fortress") announces that its wholly owned subsidiary, Fortress Bioenergy Ltd. ("FBL"), has received from its senior lender, IAM Infrastructure Private Debt Fund LP ("IAM"), $3.4 million in restricted cash previousl... Lesen

28.03.19, Lesprom Network

Fortress Global reported 4Q 2018 operating EBITDA from continuing operations of $4.2 million

Fortress Global Enterprises Inc. reported 4Q 2018 operating EBITDA from continuing operations of $4.2 million compared to operating EBITDA from continuing operations of $7.5 million in the previous quarter and operating EBITDA loss from continuing op... Lesen

06.02.19, Lesprom Network

Fortress secures federal government support for planned bioproducts demonstration plant

Fortress Global Enterprises Inc. ("Fortress") announced that its wholly-owned subsidiary, Fortress Xylitol Inc., has entered into a definitive contribution agreement with Natural Resources Canada ("NRCan") whereby NRCan has committed $10 million in c... Lesen

11.12.18, Lesprom Network

Fortress Global licenses Mondelēz xylitol technology

Fortress Global Enterprises Inc. has entered, through its wholly owned subsidiary, Fortress Advanced Bioproducts Inc. ("Fortress AB"), into a Technology License and Collaboration Agreement with Mondelēz International, Inc., one of the world’s larg... Lesen

14.11.18, Lesprom Network

Fortress Global's 3Q sales increased to $48.7 million

Fortress Global Enterprises Inc. reported 3Q 2018 operating EBITDA from continuing operations of $7.5 million compared to operating EBITDA from continuing operations of $2.7 million in the previous quarter and operating EBITDA loss from continuing op... Lesen

13.08.18, Lesprom Network

Fortress Global's 2Q sales increased by 17%

Fortress Global Enterprises Inc. reported 2Q 2018 operating EBITDA from continuing operations of $2.7 million compared to operating EBITDA loss from continuing operations of $1.4 million in the previous quarter and operating EBITDA from continuing op... Lesen

29.03.18, Lesprom Network

Fortress Specialty Cellulose commissioning fifth digester at its dissolving pulp mill in Thurso, Canada

Fortress Global Enterprises Inc. announced that the Fortress Specialty Cellulose ("FSC") mill has completed, on time and on budget, construction and commissioning of the fifth digester at its dissolving pulp mill in Thurso, Quebec, Canada.Giovanni Ia... Lesen

08.02.18, Lesprom Network

Fortress Paper changed its name to Fortress Global Enterprises Inc.

Fortress Paper Ltd. has changed its name to "Fortress Global Enterprises Inc." in order to better reflect its existing business and future prospects, as the company said in the press release received by Lesprom Network.Chadwick Wasilenkoff, CEO, stat... Lesen

04.01.18, Lesprom Network

Fortress Specialty Cellulose enters into $5 million credit agreement

Fortress Paper Ltd. reports that its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. ("FSC"), has entered into a credit agreement with a private arm's length lender, who will provide a secured revolving credit facility in the principal amo... Lesen

21.12.17, Lesprom Network

Fortress Paper sells security paper pusiness for CHF21.5 million ($21.7 million)

Fortress Paper Ltd. reports that its wholly owned subsidiary, Fortress Security Papers AG ("FSP"), has entered into and completed a share purchase agreement with the Swiss National Bank ("SNB") and Orell Füssli Holding AG ("OF"), pursuant to which th... Lesen

14.11.17, Lesprom Network

Fortress Paper's 3Q operating EBITDA decreased to $0,2 million

Fortress Paper Ltd. reported 3Q 2017 operating EBITDA of $0.2 million, a decrease of $7.4 million relative to the comparative prior year period and a decrease of $4.1 million over the previous quarter.The Security Paper Products Segment generated ope... Lesen

10.10.17, Lesprom Network

Fortress Paper restarts production at its dissolving pulp mill in Thurso, Québec

Fortress Paper Ltd. announces that the Fortress Specialty Cellulose Mill (the "FSC Mill") restarted. The Company has completed the necessary repairs at the FSC Mill caused by the failure of a pressurized auxiliary gas collection system and ha... Lesen

25.09.17, Lesprom Network

Fortress Paper reports auxiliary system failure at its dissolving pulp mill in Thurso, Canada

Fortress Paper Ltd. has experienced a burst in a pressurized auxiliary gas collection system relating to one of the recovery boilers at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Québec. Health and safety protocols were immedia... Lesen

23.08.17, Lesprom Network

Fortress Paper's 2Q operating EBITDA decreased to $4.3 million

Fortress Paper Ltd. reported 2Q 2017 operating EBITDA of $4.3 million, a decrease of $2 million relative to the comparative prior year period and a decrease of $3.2 million over the previous quarter.The Dissolving Pulp Segment generated operating EBI... Lesen

15.08.17, Lesprom Network

Fortress Paper announces CEO retirement

After 36 years in the forestry industry, including nearly five years at Fortress Paper, CEO Yvon Pelletier will be retiring from the Company effective October 1, 2017. Chadwick Wasilenkoff will re-assume the role of CEO and President and continue to ... Lesen

31.05.17, Lesprom Network

Fortress Paper 1Q sales increased to $92.5 million

Fortress Paper Ltd. reported 1Q 2017 operating EBITDA of $7.5 million, an increase of $6.4 million relative to the comparative prior year period and an increase of $1.1 million over the previous quarter. 1Q 2017 sales increased to $92.5 million, c... Lesen

21.03.17, Lesprom Network

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 m... Lesen

20.01.17, Lesprom Network

Fortress Paper announces $40 million credit agreement

Fortress Paper's subsidiary, Fortress Bioenergy Ltd. ("FBEL"), as borrower, has entered into a credit agreement with IAM Infrastructure Private Debt Fund LP ("IAM"), as lender, in relation to a $40 million secured loan (the "IAM Loan") which matures ... Lesen

21.12.16, Lesprom Network

Fortress Paper announces agreement with Executive Chairman Chad Wasilenkoff

Fortress Paper Ltd. has entered into an agreement with Mr. Chadwick Wasilenkoff for his continued role as Executive Chairman of the Company on a full-time basis. The agreement will commence on January 1, 2017 for a term of four years, as the company ... Lesen

12.12.16, Lesprom Network

Fortress Paper reaches agreement with Investissement Québec

Fortress Paper Ltd. has reached an agreement with Investissement Québec ("IQ"), acting on behalf of the Government of Québec, to amend certain terms of the warrants to purchase up to 1 million common shares of the Company at an exercise price of $5.0... Lesen

29.11.16, Lesprom Network

Fortress Paper announces Hemicellulose separation project at its dissolving pulp mill

Fortress Paper Ltd. announces a strategic supplement to the already announced birch usage project (the "Birch Project") at the Fortress Specialty Cellulose Mill aimed at extracting hemicellulose from underutilized species such as birch (the "... Lesen

24.11.16, Lesprom Network

Fortress Paper reported 3Q 2016 operating EBITDA of $7.6 million

Fortress Paper Ltd. reported 3Q 2016 operating EBITDA of $7.6 million, an increase of $1.3 million and $2.1 million over the previous quarter and prior year comparative period, respectively.The Dissolving Pulp Segment generated operating EBITDA of $1... Lesen

15.11.16, Lesprom Network

Fortress Paper invests $19.7 million in birch project at its dissolving pulp mill in Québec

Fortress Paper Ltd. announces a major investment to advance its strategic project of utilizing birch to manufacture dissolving pulp at the Fortress Specialty Cellulose Mill located in Thurso, Québec, Canada. The project will ensure a better ... Lesen

02.09.16, Lesprom Network

Fortress Paper appoints Giovanni Iadeluca as President of its Dissolving Pulp Segment

Fortress Paper Ltd. appoints Giovanni Iadeluca as President of the Company's Dissolving Pulp Segment, effective October 3, 2016.Mr. Iadeluca is a Chartered Professional Accountant with over 20 years of senior management experience in the manufacturin... Lesen

19.08.16, Lesprom Network

Fortress Paper completes purchases under normal course issuer bid

Fortress Paper Ltd. announced that, pursuant to its normal course issuer bid announced January 4, 2016 (the "NCIB"), it has purchased for cancellation an aggregate $4,025,000 principal amount of its 6.5% convertible unsecured subordinated debentures ... Lesen

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