Kruger Plans to Invest up to CAD700 Million in Corner Brook Pulp and Paper

Kruger announced a comprehensive diversification strategy to secure future operations of Corner Brook Pulp and Paper Limited contingent on timely endorsement by key industry partners. Kruger is proposing to invest up to CAD700 million to transform the mill into a modernised and sustainable manufacturing complex that will become one of the most competitive in the industry. This project will promote the expansion of the provincial sawmill industry, provide energy and power capacity for NL Hydro, while sustaining jobs for Corner Brook Pulp and Paper operations and the provincial forestry sector. The proposed plan will also create a significant number of jobs during the construction phase.

Under the plan, Kruger proposes to invest up to CAD700 million in a highly innovative and upgraded manufacturing complex. The project will modernise the paper manufacturing operations, add a new pulp storage facility, upgrade site infrastructure, implement chip handling and receiving equipment, and install a biomass unloading and drying system for the cogeneration facility.  The project also includes investments at the Deer Lake and Watsons Pond hydro facilities to maximise their capacity. These investments lead to the modernisation and growth of the forest and harvesting sector and provide an opportunity for a potential expansion of the existing sawmills in the province.  Finally, the investment includes the construction of a private wind farm to support the operation of the modernised mill site.

The company is in discussions with the Government of Newfoundland and Labrador regarding this proposed diversification plan.

About Kruger Inc.
Founded in Montréal in 1904, Kruger Inc. is one of the major providers of tissue products, 100% recycled containerboard, corrugated packaging, publication papers, specialty papers, pulp and renewable energy.