Fraser Papers to Take Downtime in the Fourth Quarter.TORONTO -- (All financial references are in US dollars unless otherwise noted) Fraser Papers Fraser Papers Inc. TSX: FPS is a Toronto, Ontario, Canada-based manufacturer of specialized printing, publishing, and converting papers, with customers in Canada and the US. It manages more than two million acres (8,000 km²) of forest, operates a tree nursery, and sawmills. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FPS (Frames Per Second) The measurement of full-motion video performance. See frame. fps - frames per second ) today announced that it is taking market-related downtime at its lumbermills in Plaster Rock and Juniper, New Brunswick Juniper (2001 pop.: 450) is a Canadian hamlet in Carleton County, New Brunswick. Juniper is located in Aberdeen Parish. It is situated on Route 107, which runs from Route 105 at Bristol, northeast to Juniper, and then bends southeast towards Napadogan and Deersdale. beginning October 21, 2005. Fraser Papers expects the downtime to be one month in duration, but may be shortened or extended depending on market conditions. Fraser Papers is an integrated specialty paper company which produces a broad range of technical, and printing & writing papers. The company has operations in New Brunswick, Maine, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). and Quebec. Fraser Papers is listed on 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: FPS. For more information, visit the Fraser Papers web site at www.fraserpapers.com. Note: This press release contains "forward-looking statements" that are based on certain assumptions and reflect the company's current expectations. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include general economic conditions, interest rates, availability of equity and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay and other risks detailed from time to time in the documents filed by the company with the securities regulators in Canada. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Fraser Papers Inc. (TSX:FPS) |
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