Fortress Paper provides Dresden operational update
May 09, 2012. Fortress Paper Ltd. announced that its wholly-owned subsidiary, Dresden Papier GmbH, has operated 24 hours per day (100% utilization) without stoppage for 20 consecutive days compared to an annual average utilization rate of 93% in 2011. As a result, waste has been reduced to approximately 5% from an annual average waste rate of 9.35% in 2011.
May 09, 2012. /Lesprom Network/. Fortress Paper Ltd. announced that its wholly-owned subsidiary, Dresden Papier GmbH, a leading manufacturer of wallpaper base, has operated 24 hours per day (100% utilization) without stoppage for 20 consecutive days compared to an annual average utilization rate of 93% in 2011. As a result, waste has been reduced to approximately 5% from an annual average waste rate of 9.35% in 2011.
"We are delighted with Dresden's operating consistency and efficiency. We believe that these production milestones will provide a meaningful impact to our financial results in the second quarter", said Chadwick Wasilenkoff, Chairman, CEO and President of Fortress Paper.
Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers and security paper products.