BRIEF-Fortress paper announces first quarter 2016 results

Mon May 16, 2016 8:22pm EDT
 
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May 16 (Reuters) - Fortress Paper Ltd :

* Dissolving pulp market outlook for 2016 will continue to be positive

* Says management continues to focus on cost reductions, production and power generation to improve margins at fsc mill

* Says expects consistent Viscose Staple Fibre ("VSF") and dissolving pulp pricing through Q2 of 2016

* Says collective agreements with unionized employees at FSC mill expired on April 30, 2016

* Bargaining negotiations with unionized employees at FSC mill are ongoing with an expected new agreement to be signed during Q2 of 2016

* Fortress paper announces first quarter 2016 results Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)