Fraser Papers
Encyclopedia
Fraser Papers Inc. is a Toronto, Ontario, Canada
-based manufacturer of specialized printing, publishing, and converting papers, with customers in Canada and the US
. It manages more than two million acres (8,000 km²) of forest, operates 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
trades on the Toronto Stock Exchange
, under the symbol FPS.
Fraser's 3,700 employees work in several pulp and paper mills in North America, including in Madawaska
, Maine
and in New Hampshire
in the US, and Thurso, Quebec
, and Edmundston, New Brunswick
in Canada.
The Edmundston-Madawaska plants are the only facilities in the world that pump paper 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 may re-structure. At the time Brookfield Asset Management
owned a 70% share of the Fraser Papers company.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
-based manufacturer of specialized printing, publishing, and converting papers, with customers in Canada and the US
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. It manages more than two million acres (8,000 km²) of forest, operates 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
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
trades on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
, under the symbol FPS.
Fraser's 3,700 employees work in several pulp and paper mills in North America, including in Madawaska
Madawaska, Maine
Madawaska is a town in Aroostook County, Maine, United States. The population was 4,035 at the 2010 census. Madawaska is opposite Edmundston in Madawaska County in New Brunswick, Canada, to which it is connected by the Edmundston-Madawaska Bridge. Today many of its residents speak French; 83.4% of...
, Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
and in New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
in the US, and Thurso, Quebec
Thurso, Quebec
Thurso is a city in the Papineau Regional County Municipality in the Outaouais region of western Quebec. It is located on the Ottawa River, and is within Canada's National Capital Region...
, and Edmundston, New Brunswick
New Brunswick
New Brunswick is one of Canada's three Maritime provinces and is the only province in the federation that is constitutionally bilingual . The provincial capital is Fredericton and Saint John is the most populous city. Greater Moncton is the largest Census Metropolitan Area...
in Canada.
The Edmundston-Madawaska plants are the only facilities in the world that pump paper 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
Sustainable Forestry Initiative
The Sustainable Forestry Initiative is a 'forest certification standard' and program of SFI Inc., a non-profit organization. The Sustainable Forestry Initiative is the world’s largest single forest certification standard by area....
. 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 may re-structure. At the time Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
owned a 70% share of the Fraser Papers company.