ALLIANCE FOREST PRODUCTS INC. REVISES ITS CAPITAL EXPENDITURE PROGRAM.MONTREAL, Quebec--(BUSINESS WIRE)--July 31, 1995--ALLIANCE FOREST PROD prod a prod to make animals move or move faster. Ranges from a pointed stick to an electric instrument. The electrically powered units may be battery-powered or operate off mains power, most suited to use in a fixed location such as an abattoir, or a portable model with a small . (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ALP (language) ALP - A list processing extension of Mercury Autocode. ["ALP, An Autocode List-Processing Language", D.C. Cooper et al, Computer J 5:28-31, 1962]. ) At a meeting held today, Alliance Forest Products Inc.'s Board of Directors decided to revise the Company's global capital expenditure program in order to synchronize See synchronization. it with the Company's strategic plan. The amended plan provides for $260 million in additional capital expenditures spread over four years. The new expenditures are allocated to the improvement and modification of existing facilities, especially the paper mills, so that higher grade calendered cal·en·der n. A machine in which paper or cloth is made smooth and glossy by being pressed through rollers. tr.v. cal·en·dered, cal·en·der·ing, cal·en·ders papers can be added to the Company's current product range. Consequently, the total paper production capacity will be increased from 335,000 to nearly 405,000 tonnes per year. It is estimated that the new expenditures will generate in the order of $100 million in additional paper sales over these four years. The Company expects that it will be able to finance these investments with cash generated from operations. "These investments will help us continue improving our product quality and better meet our clients, expectations," said Mr. Pierre Monahan, President and Chief Executive Officer of Alliance Forest Products Inc. "A further benefit of the nearly 70,000 additional tonnes is that we will be able to reduce our production costs, somewhat." "Each project is subject to specific approval during the fiscal year which the project is scheduled for implementation and to the availability of funds generated by the Company's operations," added Mr. Monahan. Alliance Forest Products Inc. is an integrated company specializing in timber harvesting and forest management as well as in the production and sale of newsprint, uncoated groundwood papers, lumber and related products. The common shares of Alliance Forest Products Inc. are listed on The Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol ALP. CONTACT: Alliance Forest Products Inc. Dino Fuoco, 514/954-2118 (VP Finance and Chief Financial Officer) |
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