Fortress Paper reported 2013 fourth quarter EBIT DA loss of $9.4 million. The Dissolving PulpSegment generated EBITDA loss of $10.8 million and the Security Paper Products Segment generated EBITDA of $2.7 million. Corporate costs contributed $1.3 million to EBITDA loss.
Chadwick Wasilenkoff, Chief Executive Officer of Fortress Paper, commented: “The 2013 year proved to be very challenging for Fortress Paper. Positive developments throughout the year were overshadowed by the disappointing financial results from the Dissolving Pulp Segment.
As we enter 2014, we believe that we are making progress on numerous initiatives and are confident that we are on the right track to overcome remaining obstacles. I would like to thank the entire team at Fortress Paper for their perseverance and commitment throughout a difficult year.”
