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Last C$5.03 CAD
Change Today -0.11 / -2.14%
Volume 74.3K
FTP On Other Exchanges
As of 4:15 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

fortress paper ltd-cl a (FTP) Snapshot

Previous Close
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52 Week High
07/29/15 - C$5.72
52 Week Low
12/19/14 - C$1.43
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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 for use in the production of textile fibers, acetates, cellophanes, tire filaments, filters and various chemical additives, as well as in pharmaceutical companies and the food industry as a binding agent. The company’s security paper products include banknote, passport, visa, and other brand protection and security papers. It also engages in renewable energy generation business. 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 and Preside...
Total Annual Compensation: C$1.0M
Chief Financial Officer
Total Annual Compensation: C$260.0K
Chief Executive Officer of Landqart AG
Total Annual Compensation: C$434.8K
President of Fortress Specialty Cellulose Inc...
Total Annual Compensation: C$389.4K
Finance Director and Corporate Secretary
Total Annual Compensation: C$220.0K
Compensation as of Fiscal Year 2014.

fortress paper ltd-cl a (FTP) Key Developments

Fortress Paper Announces Management Changes

Fortress Paper Ltd. announced the promotion of Yvon Pelletier from President of the Company's wholly-owned subsidiary Fortress Specialty Cellulose Inc. ("FSC") to President and Chief Executive Officer ("CEO") of Fortress Paper effective October 1, 2015. Chadwick Wasilenkoff, the Company's current President and CEO, will assume the newly created role of Executive Chairman of the board of directors (the "Board"). In this role, Mr. Wasilenkoff will work with Mr. Pelletier to facilitate the transition of leadership over the short to medium-term and to further create value for shareholders over the long-term. The promotion of Mr. Pelletier to President and CEO of the Company follows a robust, nearly year-long succession planning process. During the course of this process, Mr. Wasilenkoff and the Board recognized Mr. Pelletier's contributions to operational improvements at Fortress Paper and concluded that the Company and its shareholders would benefit by expanding his role at the Company, which will free Mr. Wasilenkoff to focus on strategic initiatives to unlock value for shareholders and to improve the balance sheet.

Fortress Paper Ltd. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015

Fortress Paper Ltd. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $73.851 million against $53.856 million a year ago. LBITDA was $2.535 million against $13.626 million a year ago. Net loss was $17.959 million against $23.421 million a year ago. Basic &diluted net loss per share was $1.22 against $1.61 a year ago. Adjusted net loss was $15.822 million against $25.858 million a year ago. Adjusted net loss per share, basic and diluted was $1.08 against 1.77 a year ago. For the quarter, the company reported paper shipments 2,715 tones against 2,583 tones a year ago. Pulp shipments were 38,957 ADMT against 20,259 ADMT a year ago.

Fortress Paper Ltd., Annual General Meeting, Jun 30, 2015

Fortress Paper Ltd., Annual General Meeting, Jun 30, 2015., at 15:00 Pacific Standard Time. Location: 1000 - 925 West Georgia Street. Agenda: To receive the audited consolidated financial statements of the corporation for the financial year ended December 31, 2014, together with the report of the auditors thereon; to elect directors of the corporation for the ensuing year; to appoint the auditors of the Corporation for the ensuing year and to authorize the directors to fix their remuneration; to consider and approve an ordinary resolution authorizing and approving all unallocated units issuable pursuant to the Corporation's 2009 Amended Long-Term Incentive Plan (the "LTIP"); to consider and approve an ordinary resolution authorizing and approving previously granted and vested units under the LTIP to again be made available for issuance under the LTIP; and to transact such other business as may properly come before the Meeting or any adjournment(s) or postponement(s) thereof.


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