Fortress Dresden Mill Operating Utilization Rate Hits 100%
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In other Fortress Paper news, the company this week announced that its wholly-owned subsidiary, Dresden Papier GmbH in Germany, a manufacturer of wallpaper base, has operated 24 hr/day (100% utilization) without stoppage for 20 consecutive days, compared with an annual average utilization rate of 93% in 2011. As a result, waste has been reduced to approximately 5% from an annual average waste rate of 9.35% in 2011.
"We are delighted with Dresden's operating consistency and efficiency. We believe that these production milestones will provide a meaningful impact to our financial results in the second quarter," said Chadwick Wasilenkoff, chairman, CEO, and president of Fortress Paper.
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