15 September, 23:51
Announced jointly by Kruger Products and the Government of Québec in July 2016, the $55-million investment to purchase and install PM8 received a $39.5 million loan from Investissement Québec, which is acting as an agent of the Government of Québec in this project.
The Company also took the opportunity to reveal its recent acquisition of a new $12-million winder.
This new, more efficient machine manufactures paper products for the away-from-home market and will enable the Crabtree Plant to boost its annual production by 29%. The Crabtree Plant now has plenty of room to grow over the coming years.
PM8 will manufacture 30,000 metric tonnes of paper products annually for the away-from-home market, which includes restaurants and hotels, businesses and institutions. This project, which represents an investment of $67 million, including the paper machine and the purchase of a new winder, required 180,000 hours of work over 11 months.