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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)

|                                                                                                 |  |                              |        |      |  |   |      | 
|------------------------------------------------------------------------------------------------ |  | ---------------------------- | ------ | ---- |  | - | ---- | 
|                                                                                                 |  | Three Months Ended March 31,
|                                                                                                 |  |                             
|                                                                                                 |  | 2003                         |        | 2002
|                                                                                                 |  |                              |        |     
|Earnings:                                                                                        |  |                              |        |      |  |   |      | 
|Income (loss) before income taxes, minority interests
and cumulative effect of accounting change |  | $                            | (103.5 | )    |  | $ | 6.1  | 
|Add: Fixed charges from below                                                                    |  |                              | 45.7   |      |  |   | 46.3 | 
|Less: Capitalized interest                                                                       |  |                              | 3.0    |      |  |   | 1.5  | 
|                                                                                                 |  |                              |        |      |  |   |      | 
|                                                                                                 |  | $                            | (60.8  | )    |  | $ | 50.9 | 
|                                                                                                 |  |                              |        |      |  |   |      | 
|Fixed Charges:                                                                                   |  |                              |        |      |  |   |      | 
|Interest expense, net of interest capitalized                                                    |  |                              | 39.9   |      |  |   | 41.8 | 
|Capitalized interest                                                                             |  |                              | 3.0    |      |  |   | 1.5  | 
|Estimate of interest within rental expense                                                       |  |                              | 0.8    |      |  |   | 0.7  | 
|Amortized premium and discounts related to indebtedness                                          |  |                              | 2.0    |      |  |   | 2.3  | 
|                                                                                                 |  |                              |        |      |  |   |      | 
|                                                                                                 |  | $                            | 45.7   |      |  | $ | 46.3 | 
|                                                                                                 |  |                              |        |      |  |   |      | 
|Ratio of Earnings to Fixed Charges                                                               |  |                              |       |      |  |   | 1.1x | 
|                                                                                                 |  |                              |        |      |  |   |      | 
|Deficiency of Earnings to Fixed Charges                                                          |  |                              | 106.5  |      |  |   |     | 
|                                                                                                 |  |                              |        |      |  |   |      |