Kruger is proposing to invest up to $700 million to transform its paper mill in Corner Brook into a modernized and sustainable manufacturing complex. Kruger said the comprehensive diversification strategy to secure future operations of Corner Brook Pulp and Paper, which is contingent on timely endorsement by key industry partners. The company said the project will promote the expansion of the provincial sawmill industry, provide energy and power capacity for NL Hydro, while sustaining jobs for Corner Brook and the provincial forestry sector. The proposed plan will also create a significant number of jobs during the construction phase. …The project will modernize the paper manufacturing operations, add a new pulp storage facility, upgrade site infrastructure, implement chip handling and receiving equipment, and install a biomass unloading and drying system for the cogeneration facility. It will also include investments at the Deer Lake and Watsons Pond hydro facilities to maximize their capacity.