A recent posting of a $51 million first quarter loss has Abitibi Consolidated taking stock of a few things. In addi…
A recent posting of a $51 million first quarter loss has Abitibi Consolidated taking stock of a few things. In addition to a decision to shut down a paper machine at its Grand Falls Windsor mill, and to review the viability of several other of its operations, now the future of the Fort William in Thunder Bay facility is being called into question. The mill is currently on the market and an additional 200,000 hectares of timberlands the company owns just north of Thunder Bay are up for sale, a move Abitibi claims is not related to the sale of the Fort William mill. The Chronicle Journal, a Thunder Bay based publication, has reported the company as having confirmed the mill as being high cost, and therefore a facility best left in the hands of a competitor with different plans and initiatives.
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