What does it take to be AbitibiBowater? It takes the combination of two of the world's largest newsprint makers -- Abitibi-Consolidated and Bowater -- into one. The merger created an industry behemoth that produces millions of tons of newsprint, commercial printing paper, and pulp. The company relies on more than 25 pulp and paper mills and 30 wood products facilities in Canada, South Korea, the UK, and the US to distribute its products to customers in about 90 countries; it is one of the world's largest recyclers of newspapers and magazines. AbitibiBowater manages or owns about 55 million acres of forestland in North America. In April 2009 the company filed for bankruptcy protection in the US and Canada
“Canada is one of the “have” nations of the world, with more than half of the planet's fresh water by area, and 15 to 20 per cent by volume. The Great Lakes alone… contain nearly 20 per cent of all the fresh water on Earth...” (Dr. David Suzuki 1997)
With its abundance of fresh water, Canada is extremely fortunate. At AbitibiBowater we don’t take this abundance for granted.
The entire production of forest products is a water-dependent process—from the water needed to grow the forests to the water used to manufacture paper and kraft pulp.
Our Thunder Bay mills are among the largest users of fresh water in Canada. Also, thousands of our staff live and work here. So protecting our fresh water supply is a major priority for the company.
Well before harvesting, AbitibiBowater foresters plan harvesting operations leaving a buffer of trees around lakes and rivers. During manufacturing, AbitibiBowater staff ensures that the huge volume of mill water taken from the river is treated and returned to the river.
Organic material, chemicals and solid wastes are removed using sophisticated water treatment systems. The remaining waste is reused in the manufacturing process, for fuel to generate electricity, or sent out as harmless, and sometimes beneficial, landfill.
Federal and provincial government regulations monitor our water quality program. At AbitibiBowater, we’re committed to meeting, and exceeding, these stringent requirements.
All of our operations in Northern Ontario have water quality programs in place.
Pulp and paper manufacturing can be characterized as simply cooking on a giant scale. Ingredients are prepared, mixed, cooked and dried into sheets of kraft pulp—or rolls of newsprint.
That also means that there are enormous efforts made to reduce and reuse waste materials.
We begin with a huge recycling plant that feeds consumer waste paper, like your discarded newspaper or magazine, into our papermaking process.
The majority of woodchips used are waste from sawmills. The residual wood from making dimensional lumber is chipped and sent to the mill to be used.
We use bark as fuel in our power boilers to generate electricity. We remove solids from our wastewater before it is returned back to the environment and we scrub solids out of our exhaust air.
Over the past 5 years AbitibiBowater has spent millions to reduce our solid waste. We recover and reuse our kraft pulp chemicals. Even our regular garbage is collected and sent off for recycling.
The remaining solid wastes are sent off to landfill sites. But even this material is considered valuable for lining pits and for covering household garbage.
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Short Data - 2010-Jan-B
| Abitibibowater Inc | $ 0.12 | | ABWTQ | 0.00 | |
| Short Interest (Shares Short) | 2,299,000 | | Days To Cover (Short Interest Ratio) | 5.1 | | Short Percent of Float | % | | Short Interest - Prior | 2,297,000 | | Short % Increase / Decrease | 0.09 % | | Short Squeeze Ranking™ | | |
| % From 52-Wk High ($ 0.92 ) | -647.97 % | | % From 52-Wk Low ($ 0.10 ) | 22.76 % | | % From 200-Day MA ($ 0.15 ) | -21.95 % | | % From 50-Day MA ($ 0.12 ) | 2.44 % | | Price % Change (52-Week) | -84.00 % | |
| Shares Float | | | Total Shares Outstanding | 54,701,517 | | % Owned by Insiders | % | | % Owned by Institutions | % | | Market Cap. | $ 6,728,287 | | Trading Volume - Today | 93,154 | | Trading Volume - Average | 448,500 | | Trading Volume - Today vs. Average | 20.77 % | | Earnings Per Share | -23.76 | | PE Ratio | | | Record Date | 2010-JanB | |