๐๐ฟ๐๐ด๐ฒ๐ฟ ๐๐ผ ๐๐ป๐๐ฒ๐ฟ ๐ก๐ผ๐ป๐๐ผ๐๐ฒ๐ป๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ถ๐๐ต $๐ฏ๐ฏ๐ฏ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐
Kruger Inc. announced a $333 million investment, marking its entry into the nonwovens sector and advancing its long-term portfolio diversification strategy. This new division will focus on manufacturing some of the industry’s most sustainable materials for a broad range of wipe applications. Central to this major project is the installation of the first production line of its kind in Canada, to be built on รle-de-la-Potherie in Trois-Riviรจres, adjacent to Kruger’s Wayagamack paper mill, with commissioning scheduled for 2028. This project was made possible with the support of both levels of government, including a $35 million contribution from the Government of Canada through the Strategic Response Fund (SRF), as well as a $35 million loan from Investissement Quรฉbec, acting as financial agent for the Government of Quรฉbec, along with a $5,025,000 equity investment in Kruger Pulp and Paper Limited Partnership Holding. Investissement Quรฉbec is also investing an additional $25 million from ...