Paper Excellence Announces $50 Million Investment to Restart Paper Operations at Crofton: Recalls Over 100 Workers
Paper Excellence announced that it will invest nearly $50 million to upgrade its Crofton mill’s paper operations and towards reductions in its carbon footprint. The investment sees the restart of its C2 paper machine putting over 100 employees back to making paper at the site. Paper operations were recently curtailed due to weakening Chinese paper markets and escalating input costs. “This investment will enhance the development of innovative products that replace banned plastics with renewable paper while significantly reducing carbon emissions,” said Stew Gibson, Chief Operating Officer for Paper Excellence Canada. Gibson said that the Company has been working closely with Provincial and Federal Governments to restore value-added manufacturing jobs at Crofton. “The Government of Canada has contributed $14.3 million through Natural Resources Canada’s (NRCan) Investments in Forest Industry Transformation (IFIT) program and the Government of British Columbia contributed $4.5 million in provincial funds to help make today’s announcement possible” added Gibson. The C2 paper machine will be transformed to produce stronger, water-resistant paper grades which replace single-use plastics, while the investment also reduces natural gas consumption through more efficient use of waste bark fuel in the mill’s boiler.