Abitibi Power and Paper Company
Encyclopedia
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.
It increased its gross earnings to $5,650,264 in 1918 from $4,422,757 in 1917. Along with other
paper manufacturers in Canada
, Abitibi Power and Paper Company operated at 75% capacity in 1929.
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.
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
based business founded in 1917. The firm was a mainstay of the Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
newsprint industry in the
first half of the 20th century. The manufacturer became bankrupt in 1935.
It increased its gross earnings to $5,650,264 in 1918 from $4,422,757 in 1917. Along with other
paper manufacturers in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, Abitibi Power and Paper Company operated at 75% capacity in 1929.
During the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
, Manitoba
Manitoba
Manitoba is a Canadian prairie province with an area of . The province has over 110,000 lakes and has a largely continental climate because of its flat topography. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy; other...
Paper Mills, a subsidiary of the Abitibi Power and Paper Company located in Pine Falls, Manitoba, was forced to close.