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.
AbitibiBowater emerges from creditor protection
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