Innovation, Science and Economic Development Canada
Today, 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 (SRF) to help Kap Paper Inc. complete a Front End Engineering Design (FEED) 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 (MDF) facility. This facility would keep Kap Paper operational, safeguard employment in Kapuskasing, Ontario, and strengthen the regional economy.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
