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Exhibit 12.1

Bowater Incorporated
Statement of Computation of Unaudited Ratio of Earnings to Fixed Charges
(in millions, except ratio information)

|                                                                                                 |  |                           |        |      |  |   |       |  
|------------------------------------------------------------------------------------------------ |  | ------------------------- | ------ | ---- |  | - | ----- | -
|                                                                                                 |  | Six Months Ended June 30,
|                                                                                                 |  |                          
|                                                                                                 |  | 2003                      |        | 2002
|                                                                                                 |  |                           |        |     
|Earnings:                                                                                        |  |                           |        |      |  |   |       |  
|Income (loss) before income taxes, minority interests
and cumulative effect of accounting change |  | $                         | (115.2 | )    |  | $ | (74.6 | )
|Add: Fixed charges from below                                                                    |  |                           | 93.5   |      |  |   | 92.3  |  
|Less: Capitalized interest                                                                       |  |                           | 5.7    |      |  |   | 3.4   |  
|                                                                                                 |  |                           |        |      |  |   |       |  
|                                                                                                 |  | $                         | (27.4  | )    |  | $ | 14.3  |  
|                                                                                                 |  |                           |        |      |  |   |       |  
|Fixed Charges:                                                                                   |  |                           |        |      |  |   |       |  
|Interest expense, net of interest capitalized                                                    |  |                           | 82.1   |      |  |   | 83.1  |  
|Capitalized interest                                                                             |  |                           | 5.7    |      |  |   | 3.4   |  
|Estimate of interest within rental expense                                                       |  |                           | 1.7    |      |  |   | 1.5   |  
|Amortized premium and discounts related to indebtedness                                          |  |                           | 4.0    |      |  |   | 4.3   |  
|                                                                                                 |  |                           |        |      |  |   |       |  
|                                                                                                 |  | $                         | 93.5   |      |  | $ | 92.3  |  
|                                                                                                 |  |                           |        |      |  |   |       |  
|Deficiency of Earnings to Fixed Charges                                                          |  | $                         | 120.9  |      |  | $ | 78.0  |  
|                                                                                                 |  |                           |        |      |  |   |       |