| Business Summary | | Abitibi-Consolidated
is
a
manufacturer
and
marketer
of
newsprint
and
value-added
paper
with
a
current
annual
paper
marketing
capacity
of
6.4
million
metric
tons
of
newsprint
and
1.8
million
metric
tons
of
value-added
paper
(otherwise
known
as
uncoated
groundwood
paper).
In
addition,
the
Company
is
a
producer
of
lumber
with
an
annual
aggregate
capacity
of
2.3
billion
board
feet,
and
it
currently
markets
444,000
metric
tons
per
year
of
high
quality,
low
cost
softwood
kraft
pulp.
The
Company's
assets
are
geographically
diversified
with
mills
located
across
several
low
cost
regions
of
the
world.
In
total,
it
has
ownership
interests
in
29
paper
mills
located
in
Canada,
the
United
States,
the
United
Kingdom
and
Asia
(including
a
one-third
interest
in
Pan
Asia
Paper
Co.
Pte
Ltd. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Abitibi-Consolidated
is
a
manufacturer
and
marketer
of
newsprint,
value-added
paper,
lumber,
market
pulp
and
wood
products.
For
the
six
months
ended
6/01/01,
revenues
increased
53%
C$3.27
billion.
Net
income
increased
to
C$240
million,
up
from
C$112
million.
Revenues
reflect
higher
selling
prices
for
the
Company's
lumber,
newsprint,
and
value-added
papers.
Net
income
also
reflects
cost
reductions,
synergy
programs
and
high-cost
capacity
closures. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Richard Drouin | Chairman | John Weaver | Pres,
CEO, Director | Ronald Oberlander | Vice
Chairman | Pierre-Karl Peladeau | Vice
Chairman | Pierre Rougeau | CFO,
Sr. VP, Corp. Devel. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|