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Fraser Papers and Union Ratify Labor Agreement

Toronto, Ontario, Canada, 11 August 2009 – Fraser Papers Inc. announced today that Communications, Energy and Paperworkers Union Local 29 in Edmundston, New Brunswick, has ratified an agreement that will see the Edmundston pulp and energy complex return to full operation over the next few weeks. Members of Local 29 voted tonight to approve the collective agreement presented by the company. The three-year agreement provides for a more competitive labor cost structure with future wage increases tied directly to the profitability of the company’s East Papers Operations.

“We are pleased that we could reach an agreement that better positions the mill to be competitive in these difficult market circumstances and into the future,” said Peter Gordon, chief executive officer of Fraser Papers.

The company will commence restart activities today and expects to restart the mill during the week of 30 August 2009. The company is actively working with suppliers to secure fiber and other raw materials to ensure a smooth restart. 

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 and Quebec in Canada, and in Maine and New Hampshire in the United States. For more information, visit www.fraserpapers.com.


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