Abitibi Power and Paper Company

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Abitibi Power and Paper Company was a Montreal, Quebec based business founded in 1917. The firm was a mainstay of the Canadian newsprint industry in the first half of the 20th century. The manufacturer became bankrupt in 1935.[1]

It increased its gross earnings to $5,650,264 in 1918 from $4,422,757 in 1917.[2] Along with other paper manufacturers in Canada, Abitibi Power and Paper Company operated at 75% capacity in 1929.[3] During the Great Depression, Manitoba Paper Mills, a subsidiary of the Abitibi Power and Paper Company located in Pine Falls, Manitoba, was forced to close.[4]

References[edit]

  1. ^ Abitibi Power & Paper Co., Wall Street Journal, May 23, 1935, pg. 11.
  2. ^ Abiti Power & Paper, Wall Street Journal, March 29, 1919, pg. 6.
  3. ^ Abitibi Power & Paper, Wall Street Journal, April 24, 1929, pg. 8.
  4. ^ Paper Mill May Close, Wall Street Journal, January 13, 1932, pg. 9.