Operations News

Fortress Global Enterprises Inc. ("Fortress" or the "Company") (TSX:FGE) (OTCQX:FTPLF) announces that it continues to execute on its previously announced strategic and financing initiative (the "Strategic Initiative") with the assistance of its financial advisor, Houlihan Lokey Capital, Inc., which includes seeking and pursuing a recapitalization, restructuring and/or business combination transaction.

A New Hampshire paper mill celebrating its 200th anniversary is going to hold a gathering for more than 400 current and former employees and their families.

If the Order Sought is granted by the Canadian Securities Regulatory Authorities, Quad will cease to be a reporting issuer in any jurisdiction in Canada , and Quad will no longer be required to file financial statements and other continuous disclosure documents with Canadian Securities Regulatory Authorities.

Under the terms of the Amendment, the Company will also retain up to $50 million in net proceeds from the previously-announced sale of its Matane pulp mill, which remains on track to close in the fourth quarter, with the remainder of the net proceeds to be used to repay a portion of the Company's secured debt.

Columbia Pulp is in the final stages of launching the first straw pulp mill of its kind in North America.

The value of the investment was EUR 11 million.

In 2020, Stora Enso's estimated capital expenditure will be Euro 800-850 million, including Euro 200-230 million for the Oulu mill conversion and Euro 80-100 million for biological assets.

Fortress Global Enterprises Inc. announces that its wholly owned subsidiaries, Fortress Specialty Cellulose Inc. and Fortress Bioenergy Ltd. have entered into a financing agreement with their secured lenders or their affiliates, providing for a senior secured credit facility in the amount of up to $15,000,000.

A man is dead after he was doing contract work at Lewiston's Clearwater Paper mill on Monday and had to be taken to the hospital.

Workers are dismantling long-dormant equipment at the McKinley Paper Co. mill to make way for $6.1 million in improvements as the company looks toward reopening the facility by Dec. 31.

Norbord Inc. announced that effective September 5th, Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia will operate on a reduced 10/4 schedule until further notice due to continued poor market conditions.

Smurfit Kappa Group appointed Eduardo Rubio CEO for Smurfit Kappa North America (SKNA) beginning October 1.

A Sonoco employee injured Sunday in an accident at the company's Hartsville Manufacturing Complex is still undergoing treatment for burns he suffered in the incident, the company said.

Union chief Greg Harvey said no news of a potential sale of the former Verso Corp. paper mill has emerged so far this summer.

Amcor Ltd. said it would buy back shares worth up to US$500 million, offering investors a quick return on its acquisition of U.S. plastic food packaging company Bemis Co.

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, today (23 Aug 2019) announced that Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, visited Asia Symbol (Shandong) Pulp and Paper Co., Ltd., the largest wood pulp producer in China and a key supplier of the Company from which the Company currently gets adequate wood pulp on a monthly basis for its tissue paper business.

Columbia Falls residents near the Weyerhaeuser facility reported hearing an explosion coming from the facility.

Crews are responding to a possible fire Aug. 19 in Roaring Spring at the Appvion paper mill, officials confirmed.

Crofton Fire Department responded to a small fire in a scrapyard at the Catalyst Paper Excellence Crofton pulp mill.

The FDNY was called to a paper-recycling facility in Travis early Monday morning (Aug. 19) for a report of a fire on the first floor.

Firefighters from Effingham and Teutopolis responded to Quad Graphics in Effingham, where a fire was reported in the scrap room of the printing plant.

Moses Lake Police officers have determined that a threat reportedly made against International Paper employees was not serious and doesn't rise to the level of criminal harassment.

Quad recently announced plans to close its Shakopee, Minn., retail advertising insert printing facility on or about Sept. 14, impacting approximately 140 employees. Work performed there will be consolidated into other Quad locations.

Two firefighters were injured after a fire at the ND Paper mill in Old Town, according to firefighters.

Emergency crews were called to the scene of a chemical fire at a paper mill in Lynn Tuesday, August 13.