Money will be used to create a manufacturing facility, with a new pulp storage area, upgrades, investments into Deer Lake and Watson’s Pond hydro facilities to maximize capacity, and a new wind farm to power the mill.
Corner Brook Pulp and Paper’s parent company is putting hundreds of millions into the mill, modernizing it to become one of the most competitive facility in the industry. Yesterday, Kruger announced plans to invest $700 million to create a manufacturing facility, with a new pulp storage area, upgrades, investments into Deer Lake and Watson’s Pond hydro facilities to maximize capacity, and a new wind farm. Kruger’s Vice President of special projects, Darren Pelley, says this is a big investment into the mill’s sustainability. He says this is one of the largest investments made into the forestry sector in decades and will lead to the development of other products. A significant number of jobs during the construction phase. Meanwhile, Corner Brook Pulp and Paper is celebrating their 100th anniversary this year.
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