More investments from Resolute: this time $52 million in Quebec
May 15, 2018 | 12:18 pm CDT
QUEBEC - Resolute Forest Products has announced a $52.3 million strategic investment plan for its Saint-Félicien pulp mill, located in the Lac-Saint-Jean region of Quebec. The announcement was made at a May 14 press conference attended by Quebec Premier Philippe Couillard, and many dignitaries and company employees.
"The significant investments at Saint-Félicien are expected to improve several areas of the operation, increasing the average daily production capacity by 76 metric tons and reducing greenhouse gas emissions from the use of fossil fuels by 20 percent," said Yves Laflamme, Resolute president and CEO.
The investment comes soon after an April 30 announcement that Resolute would invest $13 million in its La Doré wood products facilities - also located in Quebec. In 2016, the company inaugurated Toundra Greenhouse, located adjacent to the Saint-Félicien pulp mill: a $100 million joint venture project with local investors.
Resolute employs close to 240 workers at the pulp mill, and more than 2,000 in the Saguenay–Lac-Saint-Jean region.
The upgrades are expected to be completed by the end of 2019.
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