Arctic Paper announces that it has received a contract with Fibria International Trade GmbH in Lustenau/Austria, according to which Fibria will deliver cellulose to Arctic Paper.
The term of the Supply Contract is from January 1, 2014 through December 31, 2014. Under the Contract, the Supplier agreed to deliver and the Company agreed to purchase 90.000 metric tons of cellulose. The total volume of cellulose supplied under the contract may be increased or reduced by up to 10%.
Under the Contract, the Supplier agreed to deliver and the Company agreed to purchase cellulose of the approximate value of PLN 170,000,000.
The price per metric ton has been agreed to be based on the FOEX PIX in US dollars for Europe and subject to discounts agreed by the parties to the Contract.
