Poor market conditions led to AbitibiBowater’s decision to stop production at its mill in Fort Frances, ON fo…
Poor market conditions led to AbitibiBowater’s decision to stop production at its mill in Fort Frances, ON for one week. Starting December 24, the facility will close, resuming production on January 2, 2009. According to a report by International Falls Daily Journal, the company cites this closure as part of its ongoing strategic review, which will impact roughly 1,110 people through layoffs prompted by capacity reductions.
“The North American newsprint market continues to contract,” the report confirmed David J. Paterson, president and CEO of AbitibiBowater as saying. “Our customers have told us they anticipate further decline. International customers have also indicated that export growth will not be as strong in the coming year. We have the resolve to adapt to these realities and to set the stage for continued quarter-over-quarter improvements.”
The closure at Fort Frances, which will impact 500 mill workers, comes on the heels of the company’s decision to shutter its mill in Grand Falls-Windsor, NF.
Print this page
