Fortress Paper Ramps Up Dissolving Pulp Production in Canada

Jan. 16, 2012 - Fortress Paper Ltd. said that it has ramped up production of dissolving pulp at its Fortress Specialty Cellulose Mill in Thurso, Quebec to approximately 60% of final targeted capacity since it announced production of dissolving pulp had commenced on December 5, 2011.

In a written statement, Fortress said, "The ramp up of production continues substantially as planned and we expect meaningful improvements in the short term followed by smaller productivity gains as we approach our targeted production capacity. Our dissolving pulp is meeting customer specifications and after aggregating inventory, customer shipments commenced in the final week of December."

Chad Wasilenkoff, Chief Executive Officer of Fortress Paper, added, "We are extremely pleased with the speed at which the ramp up of dissolving production is proceeding at our Fortress Specialty Cellulose Mill and are focused on achieving our planned production capacity as soon as possible. With the shipment of our first orders, we have demonstrated our ability to successfully produce dissolving pulp that meets the stringent specifications of our customers."

Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers and security paper products. The company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada; a specialty papers business at the Dresden Mill located in Germany; and a security paper products business at the Landqart Mill located in Switzerland, where it produces banknote, passport, visa and other brand protection and security papers, and at its Fortress Optical Facility located in Canada, where it manufacturers optically variable thin film material.

SOURCE: Fortress Paper Ltd.