For Immediate Release
FORTRESS PAPER ANNOUNCES COMPLETION OF COGENERATION FACILITY
VANCOUVER, British Columbia, October 2, 2013 – Fortress Paper Ltd. (“Fortress Paper” or the “Company”) (TSX:FTP) announces that the Company has successfully completed the mandatory 100 hour grid test for its cogeneration facility at its Fortress Specialty Cellulose Mill (the “FSC Mill”) and the cogeneration facility is now delivering power to the Hydro Québec grid at the contracted commercial rate.
Chadwick Wasilenkoff, Chief Executive Officer of Fortress Paper, remarked, “We are very pleased that the final stage of testing for the cogeneration facility at the FSC Mill has been successfully completed and that the Company is now delivering power to the Hydro Québec grid at the contracted rate. This will reduce our production costs at the mill and create a legacy of environmentally friendly power production for the region.”
About Fortress Paper
Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which has expanded into the renewable energy generation sector with the construction of a cogeneration facility. The Company is also seeking to expand its dissolving pulp capacity with the recent acquisition of Fortress Global Cellulose Mill located at Lebel-sur-Quévillon, Québec, which the Company is evaluating to convert into a dissolving pulp mill and re-start the cogeneration facility. The Company operates its 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 high security production and research facility located in Canada, where it manufactures optically variable thin film material.