Resolute announces $52.3M investment in pulp mill
Resolute Forest Products Inc. today 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 press conference attended by Quebec Premier Philippe Couillard.
On April 30, Resolute announced a $13 million investment in its La Doré wood products facilities, also located in Lac-Saint-Jean. In 2016, the company opened 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.