Irving Paper to Permanently Shut Down 50 Percent of Its Papermaking Operations

Irving Paper in Saint John, New Brunswick, is permanently shutting down 50% of its operations, citing rising electricity rates. The closure affects 140 employees, with support efforts underway. The company is working with the provincial government to sustain the remaining operations before a 10% electricity rate hike in April 2025. Irving Paper exports to 65 countries and supports over 300 suppliers in the region.


Source Link:- https://www.paperage.com/2025news/02-26-2025irving-paper-to-shut-down-50-percent-of-operation.html