Fortress Paper Ltd. reports that the Government of Canada today announced that it is requesting the establishment of a World Trade Organization (WTO) panel on China's imposition of discriminatory and unfounded anti-dumping measures on Canada's dissolving pulp industry.
Today's announcement escalates Canada's initial request in October 2014 for consultations with China, which to-date does not appear to have resolved the dispute.
Chadwick Wasilenkoff, Chief Executive Officer of Fortress Paper, commented that: "Fortress Paper fully supports the Government of Canada's decision to advance this trade dispute with China to the WTO and defend the interests of Canadians in the dissolving pulp industry. We will continue to cooperate with the Government as this matter progresses."
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 and the production of northern bleached hardwood kraft pulp. 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.