AbitibiBowater emerges from creditor protection

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AbitibiBowater, Montreal, has completed its reorganization and has emerged from creditor protection on 9 December. The company has restructured itself financially and operationally in order to lower its breakeven point. New annual pulp and paper production capacities are 3.3 million t of newsprint, 2.5 million t of commercial printing papers and 1.1 million t of pulp. AbitibiBowater had been under creditor protection according to the Canadian Companies’ Creditors Arrangement Act and according to chapter 11 of the US bankruptcy code since April 2009.

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