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Fortress Global Enterprises Inc - Class A FTPLF

Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.


GREY:FTPLF - Post by User

Comment by Nighthawk40on Jun 12, 2011 2:58pm
388 Views
Post# 18704575

RE: Lebel Sur Quevillon (Re-visited)

RE: Lebel Sur Quevillon (Re-visited)

Lebel-sur-Quévillon Pulp Mill and Sawmill

Pursuantto the decision in the fourth quarter of 2008 to permanently shut downthe Lebel-sur-Quévillon pulp mill and sawmill of the Papers and Woodreportable segments, respectively, we have recorded anon-cash write-off of $4 million related to fixed assets at bothlocations consisting mainly of a turbine, a recovery system and sawlines. The write-off represents the difference between the estimatedliquidation or salvage value of the fixedassets and their carrying values.

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