Government of Quebec supports the modernisation project at the Trois-Rivières publication paper mill with CAD190m.
Canada's Kruger Inc will invest some CAD250m to modernise and convert the PM 10 newsprint machine at the Trois-Rivières mill to recycled containerboard production. The converted PM 10 is expected to come online in 2017, offering a production capacity of 360,000 tpy of lighweight recycled linerboard, the company announced.
Kruger will get some CAD190m in financial support for the conversion project from the Government of Quebec. This includes a CAD84m loan and a 25% participation, worth CAD106m, through Investissement Québec in a new company that will combine Kruger's Containerboard and Packaging business.
According to Kruger, PM 10 will continue producing newsprint until two months before the end of the conversion project.