News: Portage-du-fort - Green Investment Group, Inc.
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Redevelopment

New Richmond, Quebec Redevelopment

In 2010, Green Investment Group affiliate, SSPM New Richmond, L.P., purchased the former Smurfit-Stone paper mill in New Richmond, QC. The New Richmond site was the third Smurfit-Stone plant purchased in Canada by GIGI.

GIGI’s initial investment in the New Richmond facility was in excess of $3 million. The redevelopment of the site included a $15 million phased approach of clean up, remediation, reconfiguration and reorganization of the property and assets. Phase II of development consisted of repopulating the site to create for local businesses specializing in construction, renovation and repair.

Redevelopment efforts were well underway when the company attracted Fabrication Delta and PEC Construction in 2011 and DJL Gaspé in 2012.

Fabrication Delta operates globally in the manufacturing of large industrial parts for the wind, paper, mining, steel and forest industries. Fabrication Delta's primary focus will be to produce wind masts at its New Richmond facility. The company’s investment will result in the creation of 100 to 200 jobs. PEC Construction serves the New Richmond region with an array of services, including civil and municipal engineering, excavation, marine works, snow removal and equipment rental. PEC Construction’s new location provides the company a single location for housing all of its equipment. DJL Gaspé specializes in paving and crushing operations, amongst others. This office also oversees the operations of a dozen quarries, including the Gaspé quarry, which produces 600,000 tons of crushed stones annually, making it the most important quarry east of Quebec City. Furthermore, DJL Gaspé, with a work force of 150 employees, oversees the operations of a major export project, shipping granulates by sea from Gaspé Quay.

Redevelopment efforts were completed at this site in 2013 when Fabrication Delta expressed interest in purchasing the remainder of the 220-acre site to expand their operations in the Quebec.