Fraser Papers

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Fraser Papers Inc.
Company typePublic
IndustryPaper & Paper Products
Headquarters,
Key people
J. Peter Gordon
Number of employees
3,750[1]

Fraser Papers Inc. was a Toronto, Ontario, Canada-based manufacturer of specialized printing, publishing, and converting papers, with customers in Canada and the United States. It managed more than two million acres (8,000 km²) of forest, operated a tree nursery, and sawmills. It was spun off as a public company in 2004 by parent Nexfor Inc., which became Norbord at the same time. Its stock traded on the Toronto Stock Exchange, under the symbol FPS.

History[edit]

Donald Fraser began his business with construction of a sawmill in 1877. Fraser sawmills at Cabano and Plaster Rock, New Brunswick were producing 76,000 cubic metres (32 million board feet) of spruce lumber annually through the mid-20th century. Sawmill edgings, slabs, and trimmings were converted to wood chips as a raw material for paper production.[2]

At its nexus during the 1960s, Fraser Papers employed over 3,700 workers in several pulp and paper mills and saw mills throughout North America:

The Edmundston-Madawaska mills are the only facilities in the world that pump pulp by pipeline over an international border.

In 2000, Nexfor Fraser Papers (as it was known at the time) was the first company to receive international certification to the Sustainable Forestry Initiative. Its operations are also certified to meet the ISO 14001 Standard for Environmental Management Systems requirements.

In June 2009, the company filed with the Canadian and American governments for bankruptcy protection so that it could re-structure. At the time Brookfield Asset Management owned a 70% share of the Fraser Papers company.[3]

The Edmundston and Madawaska mills are still in operation but are now owned by Twin Rivers Paper Company, employing approximately 1000 workers.[4]

References[edit]

  1. ^ "Company Profile for Fraser Papers Inc (CA;FPS)". Retrieved 2008-10-14.
  2. ^ Strout, W. Jerome (1966). 75 Years The Bangor and Aroostook. Bangor, Maine: Bangor and Aroostook Railroad. p. 41.
  3. ^ Fraser Papers seeks bankruptcy protection, CBC News.
  4. ^ "Aroostook manufacturers gave new railroad operator high marks, state says". 8 April 2011.