The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, announced that the Government of Canada is investing $7.5 million through the Strategic Response Fund.
This investment will help Kap Paper Inc. complete a Front End Engineering Design study to support a pivot in its operations toward growth markets.
The study will establish the key execution criteria necessary for a final investment decision on creating a new medium-density fibreboard facility. This facility would keep Kap Paper operational, safeguard employment in Kapuskasing, Ontario, and strengthen the regional economy.