Richard B. Evans, Chair of AbitibiBowater, today announced that David J. Paterson will step down as President and Chief Executive Officer on January 1, 2011, having successfully led the Company through the most far-reaching restructuring in its history. He will be succeeded by Richard Garneau, currently a member of the Board of Directors and the former President and Chief Executive Officer of Catalyst Paper Corporation.

Mr. Paterson has agreed to stay on in an executive advisory role through January 2011 and a non-executive advisory role through July 31, 2011, supporting a smooth transition and continued positive momentum for the Company. As announced yesterday, AbitibiBowater emerged from creditor protection as a lean, flexible and sustainable company, well-positioned for future growth.

"Throughout this time of transition, I have been inspired by the desire of all employees to create the right conditions to take AbitibiBowater back to profitability, build strong market presence, promote sustainability and position us for future success," said Mr. Paterson. "Today, after three years of very demanding work, the foundations for that success are clearly in place, and I feel it is the right time to turn my time and attention back to the other people in my life who inspire me - my wife and family."

"There is no doubt that Dave Paterson was the right person at the right time for AbitibiBowater," said Richard Evans. "He set an example through his dedication and hard work. He gave us a new vision and a drive to succeed, and motivated everyone to believe in our future. AbitibiBowater today is a testament to his commitment, and the Board and employees of the Company are extremely grateful to him for his decisive leadership."

Richard Garneau joined AbitibiBowater as a member of the Board of Directors in June 2010. Most recently, he served as President and Chief Executive Officer of Catalyst Paper Corporation from March 2007 to May 2010. Prior to his tenure at Catalyst, he held a variety of roles in the forest products industry. Upon graduating with a Degree in Administration from Laval University in Quebec in 1971, Mr. Garneau joined Ernst & Young and remains a member today of the Canadian Institute of Chartered Accountants.

"AbitibiBowater is a company with a long history, skilled and dedicated employees, and a determination to succeed as a profitable and sustainable enterprise," said Richard Garneau. "Dave Paterson and his team have laid the foundation for a future success story, and I'm excited for the opportunity to help write its next chapter."

AbitibiBowater is a global leader in the forest products industry, producing a diverse range of products, including newsprint, commercial printing and packaging papers, market pulp and wood products. The Company owns or operates 18 pulp and paper mills and 24 wood products facilities located in the United States, Canada and South Korea. Marketing its products in more than 70 countries, AbitibiBowater is also among the largest recyclers of old newspapers and magazines in North America, and has third-party certified 100% of its managed woodlands to sustainable forest management standards.

Pursuant to Pöyry PLC's stock option programme 2004, 63 792 new shares of the company have been subscribed since 27 October 2010 with stock options 2004B. The Board of Directors of Pöyry PLC has approved these subscriptions in its meeting on 10 December 2010. Following these subscriptions, the total number of the company's authorised shares will increase to 59 413 798.

The aim is to have the increase in the number of shares registered in the Trade Register on 20 December 2010. According to the terms and conditions of stock options 2004, the subscribed new shares entitle to dividend and other shareholders' rights as of the date of registration of the shares into the Trade Register. The new shares will be joined to the old shares and are expected to be available for public trading on the main list of NASDAQ OMX Helsinki on 21 December 2010.

The subscription period for stock options 2004B started on 1 March 2008 and will end on 31 March 2011. A total of 286 972 shares have been subscribed with stock options 2004B by 10 December 2010 and available for subscription are a total of 373 028 shares.

The subscription period for stock options 2004C started on 1 March 2009 and will end on 31 March 2012. No shares have been subscribed with stock options 2004C by 10 December 2010 and thus 880 000 shares are available for subscription.

The terms and conditions of stock options 2004 and further information on the stock option programme are available on the company's web site www.poyry.com.

Additional information by:

Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC
tel. +358 10 33 23002

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

From the start of next year, the companies behind ScandFibre Logistics AB will be transporting 2.4 million tonnes of forest products by rail from Sweden to terminals that are convenient for European customers.

Deregulation of freight traffic is increasingly allowing solutions to be created together with pan-European players instead of only with national operators, as used to be the case.

The transport and logistics services will be provided by the company ScandFibre Logistics, which is owned jointly by Billerud, Holmen, Korsnäs, Mondi Dynäs and Smurfit Kappa. The trains will depart from the Swedish mills every working day. At special hubs, the wagons will then be coupled to a block train for their onward journey down into continental Europe. Thanks to the unique volumes provided by this industry collaboration and the new pan-European players, the block train can drive down to customer terminals across Europe in just a few days.

"In addition to the clear benefits such as increased control over the goods and thus more reliable accuracy of delivery to the customer, there is also a green aspect to this," explains Per Lindberg, President and CEO of Billerud. "This agreement strengthens our focus on rail as the leading transport option for our products for a relatively long time to come. We will also be offering companies that currently send goods to Sweden by lorry a more environmentally aware transport alternative."

 ScandFibre Logistics is one of Sweden's biggest rail freight customers.

The company has signed agreements with four suppliers over six years to operate the rail-based logistics system named Rail 11.

 "In the northbound direction, we offer a cost-effective freight service from much of Europe to recipients in Sweden. The short lead times and environmentally aware mode of transport should be of great interest to companies that have Sweden as a market," says Mats Berlin, Managing Director of ScandFibre Logistics AB.

For more information, please contact:

Mats Berlin, MD ScandFibre Logistics AB, +46 (0)8-470 33 11, +46 (0)70-242 91 13

Per Lindberg, President and CEO, +46 (0)8-553 335 01, +46 (0)70-248 15 17

At the last Forest-Based Sector Technology Platform (FTP) High Level Group meeting in Stockholm on 2 December 2010, Mr Magnus Hall, CEO of Holmen, stepped down as FTP High Level Group Chairman, a position he had held for more than 3 years.

Under his leadership, the operations of FTP evolved from being a simple initiative to becoming a limited company under Belgium law. Mr Hall played a key part in enhancing the interest and participation of forest-based companies in the work of FTP.

Michal Jarczynski, currently CEO of Arctic Paper, succeeds Mr Hall in the position of FTP HLG Chairman. He has formally taken over his responsibilities and has expressed his enthusiasm in developing and enhancing FTP further.

Mr Jarczynski has been with the Arctic Paper Group for 10+ years. Initially appointed as Deputy CFO, then he became CFO and in 2003 CEO of the Kostrzyn mill. He is CEO of the Company since its inception in 2008. He has profound knowledge of the paper sector, close relationships with customers, and many years of experience in paper mill management and the industry. He holds an M.Sc. in Civil Engineering from Poznań University of Technology (1992). He also completed post-graduate studies at the Poznań University of Economics (2000).

For more information, please contact
FTP Director Dr. Andreas Kleinschmit von Lengefeld,
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +32 (0)2 239 23 01

The CTMP line at Rottneros Mill has been at a standstill for around ten days, which corresponds to a loss of production of approximately 2,500 tonnes. The stoppage is due to the combination of extremely high electricity prices and high timber costs resulting in sales of marginal volumes being unprofitable. The strong Swedish kronor also contributes to reducing export margins. The production volume for the remaining part of December depends on how these factors develop.

The production line for groundwood pulp at Rottneros Mill has not been affected by the stoppage. The Group's other manufacturing unit, Vallvik Mill, which produces chemical pulp, is not as sensitive to electricity prices and is being run at full capacity.

For further information please contact:
Ole Terland, Chief Executive Officer and President, +46 8 590 010 00

AbitibiBowater is pleased to announce that it has successfully completed its reorganization and has emerged from creditor protection under the Companies' Creditors Protection Act (or "CCAA") in Canada and chapter 11 of the U.S. Bankruptcy Code (or "chapter 11").

"Through our restructuring efforts, we have transformed this organization and given AbitibiBowater a new future - one driven by a Company-wide commitment to profitability and sustainability," stated David J. Paterson, President and Chief Executive Officer. "By strengthening our competitiveness and dramatically improving our financial position, AbitibiBowater has become one of the lowest cost forest products companies in North America. We are now a leaner, more flexible organization with a balanced product portfolio, better able to create value for our stakeholders while responding to the challenges of a tough industry with ongoing market volatility."

Emergence from creditor protection represents the culmination of efforts that were undertaken shortly after the combination of Abitibi-Consolidated Inc. and Bowater Incorporated in order to address fundamental changes in the marketplace. Since 2007, the Company has restructured itself both financially and operationally in a way that has dramatically lowered its breakeven point, having:

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    - Streamlined its asset profile to top-performing facilities, closing or idling 3.4 million metric tons of paper capacity on an annual basis. This represents capacity reductions of 41% for newsprint and 32% for commercial printing papers. Wood products capacity was reduced by 21% over the same period.

    - Balanced its portfolio of products, reducing exposure to any one grade. New production capacities on an annual basis are - newsprint: 3.3 million metric tons, commercial printing papers: 2.5 million metric tons, pulp: 1.1 million metric tons and wood products: 2.2 billion board feet.

    - Developed a flexible mill portfolio with a mix of U.S., Canadian and international mills located strategically to efficiently serve our customers, supporting low-cost, on-time delivery and providing a natural currency hedge as well as the ability to adapt to changing market dynamics.

    - Completed a strategic review and sold non-core assets and land holdings for total aggregate proceeds of over $940 million.

    - Reduced its debt burden by 88% from $6.8 billion to $850 million, excluding approximately $239 million in non-recourse joint-venture debt for ACH Limited Partnership. This Company is currently in the process of evaluating the potential sale of ACH.

    - Eliminated $880 million of annual fixed costs, from $1,353 million to $473 million.

    - Realized over $375 million in annualized synergies from manufacturing efficiencies and SG&A reductions as well as procurement and logistics initiatives.

    - Entered into agreements with provincial authorities in Ontario and Quebec, reducing annual pension fund contributions by approximately $200 million. These reductions have been made while registered pension plans continue to pay 100% of obligations to retirees and beneficiaries. The Company will gradually move towards normalized solvency funding over a 10-year period.

    - Completed other initiatives that have materially improved AbitibiBowater's financial position, including: the repudiation or renegotiation of unfavorable contracts, creating savings of over $78 million and the settlement of a North American Free Trade Agreement (NAFTA) claim of C$130 million for the expropriation of Company assets in Newfoundland and Labrador.
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In noting the importance of this occasion, Alain Grandmont, Executive Vice President, Human Resources and Supply Chain, stated: "It brings me great pride in sharing this defining moment in AbitibiBowater's history with our employees, union leadership, customers, business partners and supporters, without whom this day would not have been possible. In the long process of our turnaround, all of us have made sacrifices to place this organization in the much stronger position it now enjoys. AbitibiBowater values and appreciates the commitment all have shown in helping us reach this point."

"The restructuring process has tested the strength of our relations with our employees, unions, business partners and the communities where we live and do business. We will work hard to renew positive relationships and build goodwill through a commitment to be profitable as well as environmentally and socially responsible," said Pierre Rougeau, Executive Vice President, Operations and Sales.

"Our continuing investments in sustainable forest management, renewable energy projects and reducing our environmental footprint reflect AbitibiBowater's commitment to be an environmental supplier of choice," added Yves Laflamme, Senior Vice President, Wood Products. "Moving forward, we remain committed to providing exceptional value to our customers by delivering diversified, innovative products and services that support our customer needs."

The path for AbitibiBowater to emerge from creditor protection was set in motion following the entry of a confirmation order for the Company's chapter 11 plan of reorganization by the U.S. Bankruptcy Court for the District of Delaware and the sanction of the Company's CCAA plan of reorganization by the Quebec Superior Court on November 23 and September 23, 2010, respectively. AbitibiBowater has closed $1,450 million in exit financing facilities that will be used to repay remaining debtor-in-possession credit facilities, honor obligations to secured creditors, make other payments required upon exit from creditor protection, and increase its already strong liquidity position. On or about December 17, 2010, the Company will make certain initial distributions to unsecured creditors in the form of new shares of AbitibiBowater common stock in payment of allowed creditor claims. Subject to official notice of issuance, the new shares will be listed on the New York Stock Exchange (the "NYSE") and the Toronto Stock Exchange (the "TSX"). Trading on the NYSE and TSX is expected to begin on December 10, 2010 on a "when issued" basis under the symbol "ABH WI", and "regular way" trading is anticipated to begin on December 20, 2010, the date of the initial distribution to unsecured creditors, under the symbol "ABH".

"Our emergence from creditor protection marks the beginning of a new AbitibiBowater. We are committed to building on our sound foundation by improving our business mix, reducing costs and providing high-quality products. I am confident that the financial and operating restructuring we have completed provides the framework for future success," added William G. Harvey, Executive Vice President and Chief Financial Officer.

More information regarding AbitibiBowater's completion of the reorganization and financial restructuring process is available through www.abitibibowater.com/emergence.

AbitibiBowater is a global leader in the forest products industry, producing a diverse range of products, including newsprint, commercial printing and packaging papers, market pulp and wood products. The Company owns or operates 18 pulp and paper mills and 24 wood products facilities located in the United States, Canada and South Korea. Marketing its products in more than 70 countries, AbitibiBowater is also among the largest recyclers of old newspapers and magazines in North America, and has third-party certified 100% of its managed woodlands to sustainable forest management standards.

Forward-Looking Statements

Statements in this press release that are not reported financial results or other historical information of AbitibiBowater are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements relating to our: post-emergence financial condition, competitive position, efforts to improve our business mix, reduce costs and increase revenues and profitability, including our cost reduction initiatives regarding selling, general and administrative expenses; business outlook; curtailment of production of certain of our products; assessment of market conditions; and strategies for achieving our goals generally. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "should," "would," "could," "will," "may," "expect," "believe," "anticipate," "attempt" and other terms with similar meaning indicating possible future events or potential impact on our business or AbitibiBowater's shareholders.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. The potential risks and uncertainties that could cause our actual financial condition, results of operations and future performance to differ materially from those expressed or implied in this press release include: risks and uncertainties associated with the creditor protection proceedings, including limitations against debtors in connection therewith, the values, if any, that will be assigned to our various pre-petition liabilities and securities and the plans of reorganization, as further described in our quarterly report on Form 10-Q filed with the United States Securities and Exchange Commission ("SEC") on November 15, 2010; growth in alternative media that would further reduce the demand for print media and our products; the ability of our customers to afford to pay for our products; general industry, economic and market conditions, including the new residential construction market in the U.S.; our capital intensive operations and the adequacy of our capital resources; our ability to obtain permits to operate our facilities and continue to remain in compliance with environmental laws and regulations; strikes and other labor-related supply chain disruptions that may impact our ability to operate our facilities; fluctuations in foreign currency exchange rates, especially those relative to the U.S. dollar and the Canadian dollar; our significant degree of leverage, underfunding of our pension plans and concerns about our financial viability; the prices and terms under which we would be able to sell assets; the success of our implementation of additional measures to enhance our operating efficiency and productivity; the costs of raw materials such as energy, chemicals and fiber; the possibility that we could lose any or all of our equity interest in Augusta Newsprint Company; the post-emergence impact of the creditor protection proceedings on our operations, including the impact on our ability to negotiate favorable terms with suppliers, customers, counterparties and others; and other risk factors described in our quarterly report on Form 10-Q filed with the SEC on November 15, 2010.

All forward-looking statements in this press release are expressly qualified by the cautionary statements contained or referred to in this section and in our other filings with the SEC and the Canadian securities regulatory authorities. We disclaim any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

For further information: Contacts: Investors: Duane Owens, Vice President, Finance, 001864 282-9488 ; Media and Others: Seth Kursman, Vice President, Public Affairs, Sustainability & Environment, 001514 394-2398, This email address is being protected from spambots. You need JavaScript enabled to view it.

International technology GroupANDRITZ has received an order from Tamil Nadu Newsprint and Papers Limited (TNPL) to supply a three-loop deinking plant for the TNPL mill in Kagithapuram, India. This will be the first three-loop deinking plant to be commissioned in India. Start-up is planned for the end of 2011.

The deinking plant, with a three loops and two disperser configuration, has a capacity of 300 t/d and is part of a program to extend the paper production capacity of the TNPL mill from 245,000 to 400,000 t/a. The raw materials used in the DIP line are 80% sorted office waste and 20% magazine grades. The deinked pulp will be used to produce high-quality writing and printing papers.

ANDRITZ has also been assigned to supervise erection work and start-up. The deinking plant reflects the latest state of the art in terms of environmental protection, as well as energy and water consumption. The supply of this first 3-loop DIP line to India is an important step for ANDRITZ in this growth market.

For further information, please contact:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Phone: +43 (316) 6902 1332
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.andritz.com

NewPage Corporation today announced that it will close its Whiting, Wisconsin mill at the end of February 2011. The Whiting mill currently operates two paper machines, which produce approximately 250,000 tons annually of coated paper used by the publishing and printing industry, with a primary focus on mail-order catalog, magazine and retailer end uses.

"This remains a difficult time for the paper industry, for NewPage and for many of our customers," said George Martin, NewPage president and chief executive officer.  "While we have seen modest recovery in our coated markets, we continue to monitor the supply and demand balance and make the difficult choices needed to avoid oversupplying those markets.  NewPage has the capacity and operational flexibility to produce both coated groundwood and coated freesheet on the same machines at other facilities. Therefore, we do not expect any interruptions in service to our customers while closing the Whiting mill, which is our highest cost-per-ton coated groundwood mill."

Approximately 360 employees will be affected by the shutdown of the Whiting mill.
 
Revised Guidance for Fourth Quarter 2010
NewPage also announced today that it expects Adjusted EBITDA (net income (loss) attributable to the company before interest, taxes, depreciation and amortization and adjusted to exclude certain items such as non-cash expenses and gains and losses on sales of assets) for the fourth quarter of 2010 to be between $125 million and $135 million and that it expects net income (loss) attributable to the company for the fourth quarter of 2010 to be between $(275) million and $(315) million compared to Adjusted EBITDA and net income (loss) attributable to the company of $88 million and $(55) million, respectively, during the fourth quarter of 2009.  Net income (loss) for the fourth quarter of 2010 includes the estimated one-time effect of asset impairments (principally Whiting) of $215 million to $240 million and other closure costs estimated at $10 million to $15 million.

Adjusted EBITDA is not a measure of our performance under accounting principles generally accepted in the United States ("U.S. GAAP"), is not intended to represent net income (loss) attributable to the company, and should not be used as an alternative to net income (loss) attributable to the company as an indicator of performance. Adjusted EBITDA is shown because it is a basis upon which our management assesses our performance and is a primary component of certain covenants under our revolving credit facility. The use of Adjusted EBITDA instead of net income (loss) attributable to the company has limitations as an analytic tool and should not be consider it in isolation or as a substitute for analysis of the NewPage results under U.S. GAAP. See our periodic filings for a further discussion of the limitations on the use of Adjusted EBITDA as an analytic tool as well as a reconciliation of net income (loss) attributable to the company to Adjusted EBITDA for the fourth quarter of 2009.

DS Smith Plc (“DS Smith”), the international supplier of recycled packaging for consumer goods and office products wholesaling business, announces its results for the six months to 31 October 2010.

Miles Roberts, Group Chief Executive, said:

“These results reflect the strong volume and revenue growth in the recycled packaging business, driven by our revised strategic focus on customer service, innovation, quality and reducing the environmental impact of our product. This focus has allowed us to recover the significant increases in the cost of our raw materials and energy, and maintain our margins despite the usual three to six month delay. On 1 September 2010 we completed the acquisition of Otor, a leading supplier of recycled corrugated packaging in France. Integration is proceeding well and post acquisition trading performance of this business has been ahead of our initial expectations.

The review of business strategy has confirmed the exciting growth potential from focusing our efforts on delivering retail-ready, recycled packaging which helps build sales and reduce costs for our FMCG customers. We have identified attractive opportunities within the UK and France and also see very significant potential in the faster growing FMCG markets in Central and Eastern Europe. Corrugated packaging has growth prospects ahead of GDP and outperforms other materials on ease of recycling.

Notwithstanding continued increases in input costs, trading in the second half to date is progressing well. We look forward to the remainder of the year with confidence, delivering in line with our expectations.”

For the full report please download the attachment below

Metso will supply Hinton Pulp with a rebuild of their market pulp machine in Hinton, Alberta, Canada. The project will be delivered and installed in late 2011. The value of the order exceeds EUR 10 million. The order is included in Paper and Fiber Technology’s Q4 orders received.

Metso’s delivery will include a new top wire former, press section modifications, air borne dryer rebuild, dry end pulper rebuild, and a new high-capacity cutter layboy.

The rebuild will significantly increase the pulp machine’s capacity. Brian Grantham, General manager, Hinton Pulp, states: “The upgrade to the pulp machine will allow the mill to produce more green power, reduce its natural gas consumption, and lower its carbon footprint.”

Hinton Pulp is a division of West Fraser Timber Co. Ltd. West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com

For further information for the press, please contact:
Peter Jones, General Sales Manager, Pulp Drying, Fiber business line, Metso, tel. +1 770 263 1597

Jukka Tiitinen, President, North America, Paper and Fiber Technology, Metso, tel. +358 40 740 6178 or +1 404 433 0937