March 18, 2024
(press release)
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Corner Brook, NL, March 15, 2024 – Corner Brook Pulp and Paper Ltd. (CBPP) today announced that, under an agreement with the Government of Newfoundland and Labrador, it will sell excess green energy from its Deer Lake Power assets to Newfoundland and Labrador Hydro. The agreement, which benefits both entities, will better position CBPP to face increasingly challenging conditions in the global newsprint market. Furthermore, a Kruger dedicated task force will work to identify viable projects to diversify CBPP’s production in the field of wood-based bioproducts. The goal is to add revenue sources to make operations more sustainable in the long term, while also unlocking Newfoundland and Labrador’s high forest potential. About Kruger Inc. Founded in Montréal in 1904, Kruger Inc. is a major provider of tissue products, 100% recycled containerboard, corrugated packaging, publication papers, specialty papers, pulp, renewable energy and cellulosic biomaterials. The Company is also a leader in paper and paperboard recycling in North America. A privately held family company, Kruger Inc. has 6,000 employees and its facilities are located in Québec, Ontario, British Columbia and Newfoundland and Labrador, as well as in the States of Tennessee, Maine, New York, Virginia, Kentucky and Rhode Island. www.kruger.com -30-
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