How is Twin Rivers different from Fraser Papers?
Aside from a smaller operational footprint, Twin Rivers will be exclusively focused on specialty papers and the creation of value-added products through market insight and a continued commitment to product innovation. The company is built with financial stability, with minimal debt and less exposure to market fluctuations in oil, market pulp and the Canadian exchange rate. Additionally, the company has recently completed a number of initiatives that will have positive long-term impact on the bottom line. Initiatives include the optimization of the operations with lower labor costs; a reduction in corporate overhead; the renegotiation of fiber supply agreements and energy contracts; the investment of C$23 million in our Edmundston facility from the Canadian Green Transformation Program to reduce energy costs and improve environmental performance and a substantial upgrade to the lumbermill in Plaster Rock.
