Bowater makes cost reductions.Bowater Bowater NYSE: BOW is an American pulp and paper company based in Greenville, South Carolina. Bowater has 12 pulp and paper mills in the United States, Canada and South Korea and 13 North American sawmills. It has approximately 10,000 employees. Inc., Greenville, South Carolina
Greenville is a mid-sized city located in the upstate of South Carolina. It is the county seat of Greenville CountyGR6 , USA, will reduce annual costs by US$ 75 million and permanently remove approximately 100,000 metric tons of annual newsprint newsprint low grade paper used for newspapers. Old newspapers are fed to cattle as an alternative roughage and may occasionally be ingested by dogs. Significant amounts of lead are accumulated in tissues; no cases of poisoning have been recorded in cattle, though it has been capacity. It will also sell 240,000 acres of timberland and four Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. sawmills. Approximately US$ 40 million of the cost savings will result from a workforce reduction of 500 employees. The balance will come from manufacturing and distribution cost savings. The elimination of newsprint capacity will occur through the closure of a paper machine in the second quarter of 2003. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion