Last C$2.91 CAD
Change Today -0.03 / -1.02%
Volume 3.2K
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As of 4:00 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

fortress paper ltd-cl a (FTP) Snapshot

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08/21/13 - C$8.07
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05/22/14 - C$2.72
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Current Stock Chart for FORTRESS PAPER LTD-CL A (FTP)

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fortress paper ltd-cl a (FTP) Details

Fortress Paper Ltd. produces and sells dissolving pulp and security paper products. The company offers dissolving pulp, which is used for the production of rayon textile fibres, acetates, cellophanes, tire filaments, filters and various chemical additives, as well as by pharmaceutical companies and the food industry as a binding agent. Its security papers include banknotes; passports; Visas; product registrations for documents, such as vehicle registrations, pharmaceutical labels, etc.; and other brand protection and security papers, as well as optically variable thin film materials. The company sells its products in Europe, Asia, and internationally. Fortress Paper Ltd. was incorporated in 2006 and is headquartered in North Vancouver, Canada.

Founded in 2006

fortress paper ltd-cl a (FTP) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: C$1.0M
Chief Financial Officer
Total Annual Compensation: C$235.0K
Chief Executive Officer of Landqart AG
Total Annual Compensation: C$204.9K
President of Fortress Specialty
Total Annual Compensation: C$320.4K
Finance Director and Corporate Secretary
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2013.

fortress paper ltd-cl a (FTP) Key Developments

Fortress Paper Ltd. Elects Terrence P. Kavanagh as Director

Fortress Paper Ltd. announced that at the annual general and special meeting of shareholders of the company held on June 13, 2014 Terrence P. Kavanagh elected as director.

Fortress Announces Employee Reduction Plan

Fortress Paper Ltd. announced that it has approved an employee reduction plan that will result in a reduction of approximately 16% of the salaried staff in the company's dissolving pulp segment, including senior management, middle management and clerical staff. The impact in cost savings is estimated at approximately $2.2 million per annum. These layoffs resulted from a management directive to immediately reduce labour costs as part of a comprehensive cost reduction initiative undertaken in response to the challenging dissolving pulp market.

Fortress Paper Ltd. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014

Fortress Paper Ltd. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported sales from continuing operations of $53.856 million against $57.559 million a year ago. LBITDA from continuing operations was $13.626 million against $13.162 million a year ago. LBITDA was $13.626 million against $2.627 million a year ago. Net loss from continuing operations was $23.421 million against $18.814 million a year ago. Adjusted net loss from continuing operations was $25.858 million against $20.618 million a year ago. Adjusted net loss per share, basic and diluted was $1.77 against 1.42 a year ago. For the quarter, the company reported paper shipments 2,583 tones against 2,179 tones a year ago. Pulp shipments were 20,259 ADMT against 39,147 ADMT a year ago.


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