Fortress Paper halts mill construction

Here is a news from REUTERS concerning FTP.  It could provide opportunity to buy in FTP at a lower price.

Oct 25 (Reuters) – Fortress Paper Ltd said construction at its Fortress Specialty Cellulose mill in Quebec was halted after employees of contractors walked out in opposition to a proposed government bill.

Fortress said it was looking at all options available to resume construction at the mill.

The company expects that the start of pulp production at the specialty mill, planned for early November, will only be delayed slightly.

The walkout was part of a Quebec-wide strike by construction unions who are opposed to a new bill, called Bill 33, that could potentially prevent the unions from deploying workers as they see fit across the province.

Full article here.

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Posted in FTP

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