AbitibiBowater Announces 1Million Ton Capacity Reduction

We have reported on the various announcements throughout the 2H08 with AbitibiBowater curtailing production. Adding up all the actions results in nearly 830,000 tons of newsprint, 110,000 tons of specialty grades and 70,000 tons of coated publication grades – all removed from the marketplace through beginning of 2009. We note, AbitibiBowater is the largest producer of newsprint and groundwood specialties in North American.