Fortress Global Enterprises Inc - Class A FTPLF

Chinese/mofcom duties on DP terminated!

[Nbsk]

This is great news! Should improve margins and competitive position vs SAPPI (south africa)

"Five years after dissolving pulp tariffs kicked in, China terminated its dumping duties on imports from the US, Canada, and Brazil."

https://mobile.twitter.com/BryanSmithRISI/status/1120388977612218370

[birdie22]

I`m suprised the Company has not issued a Press release. Dissolving pulp: China terminates its 5-yr import dumping duties on US, Canada, and Brazil OAKLAND, CA, April 19, 2019 (PPI Pulp & Paper Week) -China terminated anti-dumping duties (ADD) on viscose-grade dissolving pulp (DP) imports from the US, Canada, and Brazil that have been in place since 2014, industry contacts toldPPI Pulp

[Nbsk]

Fortress was subject to a 13% duty. The impact was estimated at $150 per ton. This is huge positive impact starting Q2. Market seems slow to do the math! Here is a reference article from 5 years ago: https://ca.proactiveinvestors.com/companies/news/100673/fortress-paper-down-as-13-chinese-duty-remains-final-53219.html

[rad10]

Why are they not making a bigger deal out of this?  It's certainly material. Long debentures

[Nbsk]

Strange indeed. Also, for the last many years there always has been a press release in mid-april to announce the upcoming Q1 result release date. Nothing this time. Maybe they are waiting on something to issue a multi purpose PR?