Abitibi Consolidated posted a fourth quarter loss of 355
million dollars today.
President John Weaver says the few write downs the
company had were due to the permanent closures of it’s
Kenora and Stephenville, Newfoundland mills.
N060 Q:”…be.” 19 seconds
Weaver adds some of the costs to operate the idled mills
were offset by 53 million dollar sale of Timberland near
Thunder Bay.
