Fraser Papers Inc.

Fraser Papers Inc.

April 03, 2007 17:58 ET

Fraser Papers Announces Temporary Shutdown of Paper Machine

TORONTO, ONTARIO--(CCNMatthews - April 3, 2007) -

(All monetary references are in US dollars unless otherwise noted)

Fraser Papers Inc. ("Fraser Papers") (TSX:FPS) announced today the temporary shutdown of the company's paper machine (PM) #6 at its East Papers Operation, beginning April 7, 2007, due to weak market conditions. The company expects the shutdown to be two weeks in duration.

PM #6 has a production capacity of approximately 200 tons per day and produces primarily lightweight coated groundwood papers, which are used in magazines, catalogues and advertising inserts.

The company will complete planned maintenance work during the seasonably slow market period.

Fraser Papers is an integrated specialty paper company which produces a broad range of specialty packaging and printing papers. The company has operations in New Brunswick, Maine, New Hampshire and Quebec. Fraser Papers is listed on the Toronto Stock Exchange under the symbol: FPS. For more information, visit the Fraser Papers web site at

Note: This press release contains "forward-looking statements" that are based on certain assumptions and reflect the company's current expectations. The words "expects", "will", and other expressions which may be predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include general economic conditions, interest rates, demand for and prices of the company's products, raw material and operating costs and other risks detailed from time to time in the documents filed by the company with the securities regulators in Canada. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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