Kruger’s Corner Brook Pulp and Paper will sell excess green energy from its Deer Lake Power assets to Newfoundland and Labrador Hydro. The agreement, which benefits both entities, will better position CBPP to face increasingly challenging conditions in the global newsprint market.
Newsprint
Exports of newsprint from Canada grew 15%.
UPM's businesses and the Paper Workers’ Union have been negotiating for the last two years of the contract period. The business environment has changed significantly since the agreements were signed in 2022, said UPM.
Exports of newsprint from Canada contracted 6%.
The annual capacity of the rebuilt PM 11 can be increased from 400,000 to 520,000 tons.