Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Fortress Paper Falls as China Puts Tariff on Pulp Imports

Fortress Paper Ltd., a wood-pulp producer with mills in Quebec, fell the most in five months after saying China imposed anti-dumping import duties on shipments of specialty wood from Canada.

Fortress fell 13 percent to C$4.89 at 1:58 p.m. in Toronto after earlier dropping as much as 14 percent, the most intraday since May 14. The shares are down 39 percent this year.

China’s Ministry of Commerce, or MOFCOM, imposed a preliminary 13 percent duty on imports of dissolving pulp from producers in Canada, pending a final determination on the tariff, North Vancouver-based Fortress said today in a statement.

Fortress “is disappointed by MOFCOM’s preliminary decision, and believes that the decision represents an unsupported assessment of injury to China’s dissolving pulp market and the allegations of ‘dumping’ activities by Canadian producers,” the company said in the statement.

Fortress is considering a legal challenge and may request a public hearing, according to the statement.

Dissolving pulp is used to make products such as cigarette filters and synthetic fabrics including rayon. It’s named as such because the pulp is dissolved in chemicals before being used in manufacturing.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.