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AbitibiBowater

Company nameAbitibiBowater, Inc.
Company typePublic
(Tsx - ABH, NYSE - ABH)
IndustryPulp and Paper
Founded2007 (Abitibi-Consolidated and Bowater merger)
HeadquartersMontreal, Quebec
Canada
Area servedWorldwide
Key peopleRichard B. Evans
(Chairman)
David J Paterson
(President), (CEO) & (Director)
ProductsNewsprint
Uncoated Groundwood
Wood Products
Recycling Services, Electricity
Revenue(+) US$ 3.876 billion (2007)
Operating income(-) US$ -400.00 million (2007)
Net income(-) US$ -490.00 million (2007)
Total assets(+) US$ 10.319 billion (2007)
Total equity(+) US$ 1.899 billion (2007)
Employees15,600 (2008)

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AbitibiBowater Inc. (Tsx - ABH, NYSE - ABH) is a pulp and paper manufacturer headquartered in Montreal, Quebec, Canada, formed by the merger of Bowater and Abitibi-Consolidated, which was announced 29 January 2007. The merger, which was validated in October 2007, created the third largest pulp and paper company in North America, and the eighth largest in the world. On 16 April 2009 the company filed for bankruptcy protection in the United States and similar protection under the Companies' Creditors Arrangements Act in Canada, citing its debt of almost $5 billion USD ($2.9 billion from its Canadian division Abitibi-Consolidated, $1.8 billion from its American division, Bowater); the following day it won court approval for $206 million to finance restructuring.


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