Corner Brook Pulp & Paper investing $625K in local port operations
September 3, 2019 By P&PC Staff
Corner Brook Pulp & Paper will contribute $625,000 toward a project that will increase operational efficiency at the Port of Corner Brook.
The total investment includes $5.5 million from the federal government, $850,000 from the government of Newfoundland and Labrador, $2,325,000 from the Corner Brook Port Corporation, and $1.7 million from Logistec.
The investment will be used for a new warehouse to store goods, and a new crane to load and unload container ships. This project will allow goods to be shipped directly to international markets, resulting in faster delivery to customers.
The project will also reduce truck traffic, reduce greenhouse gas emissions, and enhance productivity and optimize the usage of the port.
“[The] federal-provincial investment towards transportation infrastructure at the Port of Corner Brook will play a major role in contributing to Canada’s transportation networks, while at the same time secure the future of our forestry sector and Corner Brook Pulp and Paper Limited,” says Gerry Byrne, minister of fisheries and land resources and MHA for Corner Brook, in a release.
“Not only will this generate employment opportunities for Corner Brook and surrounding area, it will support and improve our ability to move product to markets which delivers on our commitment to sustain, grow and diversify our forest sector.”
Corner Brook Pulp & Paper is owned by Kruger.
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