AbitibiBowater makes a million tonnes of permanent, indefinite capacity cuts; rescinds December's newsprint price increase

摘要

Financially strapped North American newsprint giant AbitibiBowater bowed to market forces this week and abandoned the 20/tonne December installment of its fourth quarter newsprint price increase. The following day, it dropped its second shoe, announcing one million tonnes of production cutbacks, including 17% of its newsprint production capacity, due to plummet-ins demand.