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15 September 2015
Kruger Packaging makes a $250 million investment in its Trois-Rivières mill
TROIS-RIVIÈRES, QC—Kruger Packaging L.P., an eco-friendly producer of publication papers, tissue products, containerboard and packaging, has invested $250 million to convert the No. 10 newsprint machine (PM10) at its Trois-Rivières Mill to manufacture 100% recycled lightweight linerboard.
According to Kruger, the new project will generate 270 jobs at the mill.
The project has the support of the Government of Quebec, receiving from it, $190 million including an $84 million loan to finance the cost of the conversion and $106 million participation, through Investissement Québec, in a new company that combines all Kruger’s containerboard and packaging activities. The Government of Quebec will own 25% of the new company, which has assets in excess of $600 million, and more than 800 jobs, including 620 in Quebec.
PM10 will be modernized by 2017 and at that time it will produce 360,000 metric tones of 100% recycled lightweight linerboard annually. A portion will be sold to Kruger packaging plants in La Salle, QC and Brampton, ON. The rest will be sold on the market.
According to Kruger, the new project will generate 270 jobs at the mill.
The project has the support of the Government of Quebec, receiving from it, $190 million including an $84 million loan to finance the cost of the conversion and $106 million participation, through Investissement Québec, in a new company that combines all Kruger’s containerboard and packaging activities. The Government of Quebec will own 25% of the new company, which has assets in excess of $600 million, and more than 800 jobs, including 620 in Quebec.
PM10 will be modernized by 2017 and at that time it will produce 360,000 metric tones of 100% recycled lightweight linerboard annually. A portion will be sold to Kruger packaging plants in La Salle, QC and Brampton, ON. The rest will be sold on the market.
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