AbibitiBowater Plans Phases For Addressing Challenges

摘要

Following the initial phase of a comprehensive strategic review, the Board of Directors of AbitibiBowater Inc. has reviewed Management's recommendations and approved the following actions: Phase 1 - The company will reduce its newsprint and commercial printing papers production capacity by approximately 1 million metric tons per year during the first quarter of 2008. The reductions include the permanent closure of the Belgo (Shawinigan. QC) and Dalhousie (NB)mills, as well as the indefinite idling of the Donnacona (QC) and Mackenzie (BC) paper mills. The company will also indefinitely idle two Mackenzie sawmills directly supporting the Mackenzie paper operation.They represent approximately 600,000 metric tons of newsprint, 400,000 metric tons of commercial printing papers, and 500 million board feet of lumber capacities.