Type Public Key people J. Peter Gordon Headquarters Toronto, Canada | Industry Paper & Paper Products Website www.fraserpapers.com Number of employees 3,750 | |
Fraser papers id rom
Fraser Papers Inc. was a Toronto, Ontario, Canada-based manufacturer of specialized printing, publishing, and converting papers, with customers in Canada and the US. 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.
Fraser's 3,700 employees worked 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 could re-structure. At the time Brookfield Asset Management owned a 70% share of the Fraser Papers company.
The Madawaska mill is still in operation but is now owned by Twin Rivers Paper Company, employing 650 people.