SAINT JOHN, NB, May 18, 2016 (Press Release) -As we mark 70 years of operation of the pulp mill in Saint John, we celebrate a renewed future. We’re delivering on our March 2014 investment announcements of $450 million at Irving Pulp and Paper, as part of the $513 million investment in forest products business across the province.
In addition to the upgrades at Irving Pulp and Paper, we have delivered on other promised investments announced in March 2014:
- $38 million modernization of our sawmill in Chipman, N.B.
- $3.2 million new state-of-the-art forest research lab in Sussex, N.B.
We have also dedicated additional investments in projects that were not part of the March 2014 announcement:
- $37 million in new capital projects at Lake Utopia Paper in St. George and Irving Paper in Saint John.
- $56 million dedicated to support 65 new entrepreneurs across NB in their purchase of logging equipment which will employ approximately 120 new machine operators and truck drivers.
We’re committed to New Brunswick. We’ve been in business here for over 130 years, and part of the west side of Saint John for 70 years. We're committed to taking care of our forests for a healthy environment and to ensure a strengthened future for the thousands of families that rely on a healthy forest sector in New Brunswick.