ND Paper Announces Upgrades at Wisconsin Paper Mill
Wisconsin Ag Connection - 10/09/2018
ND Paper will invest $300 million into its mills in Wisconsin and Maine in the next two years, sparking a transformation and new trajectory for company. The newly-formed U.S.-based subsidiary of Nine Dragons Paper Limited will become the largest
containerboard producer in Asia.
After completing the purchase of its Rumford, Maine and Biron, Wisconsin pulp and paper mills in June, ND Paper began a strategic review of investment options to further enhance the long-term sustainability of these facilities.
In total, ND Paper expects to invest $300 million within two years to complete these projects. Combined, the projects will create 77 additional jobs in both states.
"I want to commend ND Paper for making the decision to expand their operations in Wisconsin," said state Sen. Patrick Testin of Stevens Point. "These major projects will help retain 350 family supporting jobs and create another 27 new jobs right here in our
area. ND Paper's commitment is great news for Wisconsin's economic future."
The company is working in collaboration with both the Wisconsin Economic Development Corporation and the Maine Department of Economic Development on various options to support these strategic projects.