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Fortress Global Enterprises

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Canada

Founded in

2006 (19 Years)

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    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know Fortress Global Enterprises

    Fortress Global Enterprises is an international producer of specialty pulp and security papers products. Fortress paper was incorporated in May 2006 and listed on the Toronto Stock exchange in July 2007. The company has since grown to two divisions and employs approximately 640 workers in two countries.Fortress operates in two distinct business segments: dissolving pulp and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, where it has recently commenced production of dissolving pulp primarily for viscose/rayon manufacturers in Asia after successfully completing the conversion of the mill from a NBHK pulp to a dissolving pulp operation. The Fortress Specialty Cellulose Mill also recently enterered the renewable energy generation sector with the construction of a co-generation facility. The Company operates its security paper products business at the Landqart Mill located in Switzerland, where it produces banknote, passport, visa and other brand protection and security papers.On April 30, 2013 Fortress announced that it had successfully completed the sale of the Dresden Mill to Glatfelter Gernsbach GmbH & Co. KG, a subsidiary of P.H. Glatfelter Co., previously announced on March 13, 2013. The purchase price for the sale was €160 million (approximately CDN$212 million), subject to a post‑closing working capital adjustment. With the sale of the Dresden Mill, Fortress Paper no longer operates in the specialty papers (wallpaper base) industry.

    Industry

    • Financial BankingPRIMARY

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