Saturday, 18 April 2009
World’s biggest newspaper company
AbitibiBowater Inc., the world biggest newsprint producer and one of Canada’s oldest companies has filed for bankruptcy. The newsprint giant, which has been refused a rescue package by the Canadian government, faces a debt burden of $6 billion. AbitibiBowater filed for bankruptcy protection in the US and in Canada . The company has about 16,000 employees, including 11,000 in Canada.It has plants in Canada,US,Britain and South Korea and marketing operations in more than 90 countries. AbitibiBowater is also among the world’s largest recyclers of old newspapers and magazines....Their buildings look awesome with Glass Tile...
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