J.D. Irving Ltd. to invest $513M in its mills

J.D. Irving Ltd. is investing $513 million in its mills across New Brunswick, the company announced to a standing ovation at its west Saint John pulp and paper mill on Thursday.

The announcement comes one day after the Alward government unveiled the province’s new forestry plan, which increases the amount of softwood that can be cut annually on Crown land by about 20 per cent, or 660,000 cubic metres.

The Irving Pulp & Paper mill in Saint John will see $450 million in upgrades, said co-CEO Jim Irving.

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