Corner Brook Pulp and Paper Limited in Corner Brook, NL. CONTRIBUTEDArticle contentKruger is proposing to invest up to $700 million to transform its paper mill in Corner Brook into a modernized and sustainable manufacturing complex that it says will become one of the most competitive in the industry.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY.Subscribe now to access this story and more:Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsSUBSCRIBE TO UNLOCK MORE ARTICLES.Subscribe or sign in to your account to continue your reading experience.Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsRegister to unlock more articles.Create an account or sign in to continue your reading experience.Access additional stories every monthShare your thoughts and join the conversation in our commenting communityGet email updates from your favourite authorsSign In or Create an AccountorArticle contentIn a press release, Kruger said it informed its employees on Thursday, July 24, of the comprehensive diversification strategy to secure future operations of Corner Brook Pulp and Paper Ltd., which is contingent on timely endorsement by key industry partners.Article contentArticle contentArticle contentThe company said the 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.Article contentThe proposed plan will also create a significant number of jobs during the construction phase.Article contentUnder the plan, the company proposes to invest up to $700 million in a highly innovative and upgraded manufacturing complex.Article content“The project will modernize 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,” said the release.Article contentIt will also include investments at the Deer Lake and Watsons Pond hydro facilities to maximize their capacity.Article contentArticle content“These investments lead to the modernization and growth of the forest and harvesting sector and provide an opportunity for a potential expansion of the existing sawmills in the province,” said Kruger.Article contentArticle contentThe investment also includes the construction of a private wind farm to support the operation of the modernized mill site.Article content“Despite persistent negative market conditions, Kruger recognizes the long-term potential of the Corner Brook site and is therefore committed to withstand these ongoing challenges in the short term,” said the companyArticle content“Given the context of market headwinds, to move ahead with this landmark project, alignment is required without delay with all stakeholders (including Government of Newfoundland and Labrador, NL Hydro, First Nations, provincial sawmill partners, local municipalities, employees, and union leadership),” it said.Article contentKruger said it is already in discussions with the province regarding the proposed diversification plan.Article contentIt said the investment reflects its commitment to the provincial forest industry and its confidence in the future of Corner Brook Pulp and Paper Limited.Article content
Kruger announces plan to diversify Corner Brook Pulp and Paper
