Fortune inflates SC’s corporate prowess

Once again Fortune magazine has come out with its list of America’s largest corporations and once again the financial publication has given South Carolina triple the credit it deserves in terms of housing business behemoths.

According to Fortune, Domtar (ranked at No. 394), AbitibiBowater (No. 473) and SCANA Corp., (No. 483) all made the list from the Palmetto State.

The problem is, only Cayce-based SCANA is actually headquartered in South Carolina.

AbitibiBowater, created in 2007 in a combination of Greenville-based Bowater and Canada‘s Abitibi-Consolidated, lists its administrative offices as being in Montreal and all company information is issued from Montreal.

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