Also at the meeting, shareholders approved the appointment of PricewaterhouseCoopers Chartered Accountants as auditors of the corporation for the ensuing year, the unallocated stock options under the corporation's amended and restated stock option plan, and the adoption of a shareholder rights plan.
The formal report of voting results with respect to all matters voted upon at the meeting is available online.
Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products. The company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill 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 also is seeking to expand its dissolving pulp capacity with the recent acquisition of Fortress Global Cellulose Mill at Lebel-sur-Quévillon, Qué., Canada, which Fortress is evaluating to convert into a dissolving pulp mill and re-start the cogeneration facility. The company operates its security paper products business at the Landqart Mill in Switzerland, where it produces banknote, passport, visa, and other brand protection and security papers, and at its high security production and research facility in Canada, where it manufactures optically variable thin film material.
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