What kind of company is Abitibi Bowater?
AbitibiBowater Canada, Inc. produces paper products. The Company sells and distributes newsprint, directory paper, commercial printing papers, wood products, uncoated groundwood specialties, coated groundwood paper, market pulp, and lumber. The Company markets its products internationally. NO. OF EMPLOYEES
What happened to AbitibiBowater?
At the time, AbitibiBowater was the third largest pulp and paper company in North America, and the eighth largest in the world. On 1 July 2012, the company name changed to Resolute Forest Products. On 29 January 2007, Bowater Inc and Abitibi-Consolidated announced they would be merging to create AbitibiBowater.
When did AbitibiBowater go into creditor protection?
The company won court approval for an injection of $206 million to get it through its financial restructuring in April 2009 and emerged from creditor protection on 9 December 2010. AbitibiBowater changed its operating name to Resolute Forest Products on 1 July 2012.
When did AbitibiBowater change its name to Resolute?
The company won court approval for an injection of $206 million to get it through its financial restructuring in April 2009 and emerged from creditor protection on 9 December 2010. AbitibiBowater changed its operating name to Resolute Forest Products on 1 July 2012. The following are the principal predecessor companies of Resolute:
History
On 29 January 2007, Bowater Inc and Abitibi-Consolidated announced they would be merging to create AbitibiBowater. The merger created the third largest pulp and paper company in North America, and the eighth largest in the world.
Operations
Resolute Forest Products became a member of the World Wildlife Fund’s Climate Saver’s Program on November 10, 2011 with a commitment to “reduce their absolute greenhouse gas (GHG) emissions by 65 per cent by 2015 below 2000 levels” .
Issues
The Communications, Energy and Paperworkers Union of Canada has been critical of the company's attempts to renegotiate pension contributions with their pension underfunded by approximately $1.9 billion.
