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Fortress Paper Ltd (FTP.TO)

FTP.TO on Toronto Stock Exchange

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29 May 2017
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Latest Key Developments (Source: Significant Developments)

Fortress Paper announces Q1 sales $92.5 million
Thursday, 11 May 2017 08:25pm EDT 

May 11 (Reuters) - Fortress Paper Ltd :Fortress Paper announces first quarter 2017 results.Says expects full year 2017 pricing to compare favorably to full year 2016 pricing.Qtrly sales $92.5 million versus $80.01 million last year.Says reported 2017 Q1 operating EBITDA of $7.5 million, an increase of $6.4 million relative to comparative prior year period.  Full Article

Fortress announces new Durasafe(R) banknote customer
Thursday, 16 Mar 2017 09:21pm EDT 

Fortress Paper Ltd : Fortress Paper - Its subsidiary, Landqart AG entered into agreement with a new customer for production of banknotes . Fortress announces new Durasafe(R) banknote customer .Fortress Paper Ltd- Expects that landqart will commence shipping orders to new customer in later part of 2017.  Full Article

FORTRESS PAPER ANNOUNCES EARLY REPAYMENT OF $25 MLN DEBENTURE
Friday, 3 Feb 2017 01:22pm EST 

Fortress Paper Ltd : FORTRESS PAPER ANNOUNCES EARLY REPAYMENT OF $25,000,000 DEBENTURE .DEBENTURE HAD AN INTEREST RATE OF 7% PER ANNUM AND WAS SET TO MATURE ON JUNE 20, 2017.  Full Article

Fortress Paper reports qtrly sales $82.1 mln vs $85.2 mln
Monday, 14 Nov 2016 08:25pm EST 

Fortress Paper Ltd : Qtrly net income $20.3 million versus loss of $5.2 million . Qtrly sales $82.1 million versus $85.2 million .Fortress Paper announces third quarter 2016 results.  Full Article

Fortress Paper announces normal course issuer bid
Wednesday, 31 Aug 2016 06:28pm EDT 

Fortress Paper Ltd : Fortress Paper announces normal course issuer bid .Fortress Paper Ltd says on september 6, 2016, may commence making purchases up to a maximum of 1.1 million of its 14.8 million outstanding common shares.  Full Article

Fortress Paper Q2 operating EBITDA of $6.3 mln
Monday, 8 Aug 2016 07:19pm EDT 

Fortress Paper Ltd : Q2 operating EBITDA of $6.3 million, an increase of $5.2 million over previous quarter .Qtrly sales $88 million versus $80 million in Q1, 2016.  Full Article

Fortress Paper extends closing date for the sale of the Fortress Global Cellulose Mill
Friday, 8 Jul 2016 08:17pm EDT 

Fortress Paper Ltd : Fortress Paper extends closing date for the sale of the Fortress Global Cellulose Mill .Extended the closing date relating to sale of fortress global cellulose mill assets, to on or before july 29, 2016.  Full Article

Fortress Paper to sell pulp mill, sawmill assets for $15.36 mln
Thursday, 23 Jun 2016 06:00am EDT 

Fortress Paper Ltd : Fortress Paper agrees to sell Lebel-Sur-Quevillon pulp mill and sawmill assets for $15.36 million . Through units, entered into asset purchase agreement with LSQ Energy LP and LSQ Development LP . Purchase price is to be comprised of a $7 million secured note issued by Energy LP in favour of vendor .Purchase price is also to be comprised of $0.86 million, by assumption by purchaser of property tax liabilities of vendor.  Full Article

Fortress paper announces sale and leaseback transaction at Landqart mill
Monday, 6 Jun 2016 04:00am EDT 

Fortress Paper Ltd : Fortress paper announces sale and leaseback transaction at Landqart mill . Deal for aggregate purchase price of CHF 44,500,000 (approximately C$59 million) .To buy rocimmo swiss's lands ,buildings related to its security paper business located in Landquart, Switzerland.  Full Article

Fortress paper announces first quarter 2016 results
Monday, 16 May 2016 07:55pm EDT 

Fortress Paper Ltd : Dissolving pulp market outlook for 2016 will continue to be positive . Says management continues to focus on cost reductions, production and power generation to improve margins at fsc mill . Says expects consistent Viscose Staple Fibre ("VSF") and dissolving pulp pricing through Q2 of 2016 . Says collective agreements with unionized employees at FSC mill expired on April 30, 2016 . Bargaining negotiations with unionized employees at FSC mill are ongoing with an expected new agreement to be signed during Q2 of 2016 .Fortress paper announces first quarter 2016 results.  Full Article

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BRIEF-Fortress Paper announces Q1 sales $92.5 million

* Says expects full year 2017 pricing to compare favorably to full year 2016 pricing