Fortress Paper provides Landqart operational update
Jun 11, 2012. Fortress Paper Ltd. announces that its wholly-owned subsidiary, Landqart AG, has had a material banknote order reinstated. This order was unexpectedly suspended in the 4Q 2011 which negatively impacted the financial results of Landqart’s operations in the first half of 2012.
Jun 11, 2012. /Lesprom Network/. Fortress Paper Ltd. announces that its wholly-owned subsidiary, Landqart AG, has had a material banknote order reinstated. This order was unexpectedly suspended in the 4Q 2011 which negatively impacted the financial results of Landqart’s operations in the first half of 2012.
Chadwick Wasilenkoff, Chairman, CEO and President of Fortress Paper, commented: "The recommencement of this previously delayed order will provide Landqart with momentum to realize additional orders and maximize operating efficiencies. This important order allows Landqart to better optimize the overall mill and should provide a meaningful contribution to its margins compared to recent quarters.”
Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers and security paper products.