Posted on 30/01/07
Abitibi, Bowater see strength in combining paper operations
WASHINGTON, MONTREAL -- The merger of Bowater Inc. and Abitibi-Consolidated Inc. is the latest episode in a cat and mouse game between newsprint makers and the struggling newspapers they serve.Newsprint makers are desperately trying to keep prices from tumbling further by shutting plants, converting mills to other paper grades, and now merging.
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