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Fortress Paper Ltd. and IFP Sign Pulp Distribution Contract
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Vancouver, British Columbia, Canada, 10 May 2010 – Fortress Paper Ltd. announces that its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. has entered into a pulp purchase and sale agreement with International Forest Products Corp. (IFP) of Foxborough, Massachusetts, USA. Pursuant to the terms of the agreement, IFP will be the exclusive distributor for the sale of northern bleached hardwood kraft (NBHK) pulp produced at the Thurso mill for the duration of such production.

The Thurso mill is expected to commence commercial production in June of this year and is anticipated to produce approximately 250,000 air dried metric tons of high quality NBHK pulp per year. The re-start plans are on track and the mill expects to promptly deliver the high quality that it was well known for in the market place.

“Everyone at IFP is extremely pleased to be working with Fortress Paper on this exciting venture," said Daniel Kraft, president and CEO of IFP. "This relationship will align IFP with one of the world’s premier specialty paper producers.”


 


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