Fortress Paper Ltd. announced a major investment to advance its strategic project of utilizing birch to manufacture dissolving pulp at the Fortress Specialty Cellulose Mill located in Thurso, Québec.
The Project will ensure a better use of the mixed forest in the local region, increase economic activity, and result in other ancillary economic benefits.
The Company anticipates that the Project will be completed in the first quarter of 2018, and is expected to result in an incremental annual production capacity increase of 8,500 ADMT in 2018 and 17,000 ADMT in 2019 compared to current production capacity.
This investment highlights the innovative and transformative potential of producing dissolving pulp using birch. The Project demonstrates our commitment to pursuing strategic initiatives that build long-term shareholder value, Said Yvon Pelletier, President and Chief Executive Officer of Fortress Paper.
|Type||Birch Project To Manufacture Dissolving Pulp|
|Estimated Cost||$19.7 Million|
Source : fortresspaper.com