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Management Side
Fraser Papers Announces Temporary Shutdown of Sawmills
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Toronto, Ontario, Canada, 02 April 2007--(CCNMatthews)-- Fraser Papers Inc. (TSX:FPS) announced today the temporary shutdown of its sawmills in Juniper, New Brunswick, Canada, and Ashland, Maine, USA, beginning 02 April 2007, due to weak demand.

The company expects the shutdown to be for two weeks in Juniper and four weeks in Ashland, depending on market conditions. The company's sawmill in Masardis, Maine, will increase production by adding a third shift and employing most of the employees from the Ashland operation. The temporary shutdown of the Juniper mill affects approximately 180 employees.

During the first quarter of 2007, the company took two weeks of downtime at its sawmills in Juniper and Plaster Rock, New Brunswick, three weeks at the Ashland mill, and one week at the Masardis mill. The company noted that construction activity for new housing has decreased considerably from 2006 levels.

Fraser Papers is an integrated specialty paper company that produces a broad range of specialty packaging and printing papers. The company has operations in New Brunswick, Maine, New Hampshire, and Quebec. Fraser Papers is listed on the Toronto Stock Exchange under the symbol: FPS. For more information, visit the Fraser Papers web site at www.fraserpapers.com.

 

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