"Material Banknote Order Reinstated"

Tyler Durden's picture

Another hint?

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP), announces that its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart's operations in the first half of 2012.

 

Chadwick Wasilenkoff, Chairman, Chief Executive Officer and President of Fortress Paper, commented, "The recommencement of this previously delayed order will provide Landqart with momentum to realize additional orders and maximize operating efficiencies. This important order allows Landqart to better optimize the overall mill and should provide a meaningful contribution to its margins compared to recent quarters."

 

About Fortress Paper 

 

Fortress Paper operates internationally in three distinct business  segments: dissolving pulp, specialty papers and security paper products.  The Company operates its dissolving pulp business at the Fortress  Specialty Cellulose Mill located in Canada which is also in the process  of expanding into the renewable energy generation sector with the  construction of a cogeneration facility. The Company operates its  specialty papers business at the Dresden Mill located in Germany, where  it is a leading international producer of specialty non-woven wallpaper  base products. The Company operates its security paper products business  at the Landqart Mill located in Switzerland, where it produces  banknote, passport, visa and other brand protection and security papers,  and at its Fortress Optical Facility located in Canada, where it  manufacturers optically variable thin film material.

Well, if the chart of De La Rue is any indication of how banknote printers respond to potential European disintegration, it just may be that the best hedge to a VIX soaring to 80, aka "disorderly Grexit" as explained earlier by Citi, just may be TSX:FTP.

In the meantime, here is the swiss-security-paper complex of Lanqart: