Nine Dragons Paper subsidiary ND Paper plans to invest US$ 300 million (EUR 263 million) into its mills in Wisconsin and Maine in the next two years. The investment will also benefit its recycled-content pulp lines.
ND Paper, based in the US state of Illinois, will invest around US$ 111 million in the construction of a recycled-content pulp facility on a greenfield site in Rumford, Maine. The pulp line will add approximately 1 200 air-dried tonnes per day of manufacturing capacity to the site.
Equipment at its existing sites in Maine will be updated to increase production capacity by approximately 20% besides creating 50 new jobs.
According to ND Paper, the multi-million-dollar financial injection is part of ‘a multi-faceted investment strategy’ that diversifies the United States mills’ product mix, increases overall production capacity, and fundamentally improves their viability for generations to come.’
In Wisconsin, the company will commission several projects worth US$ 189 million. Those projects include the conversion of a paper machine to containerboard products and the construction of a two-line recycled-content pulp facility. The pulp lines will add approximately 1 900 air-dried tonnes of capacity to the site.
Global eye, protecting history
‘We invest for the long-term,’ says Ken Liu, ceo of ND Paper. He emphasises that while the company ‘strongly supports’ its global fibre strategy, this new suite of projects also ‘dramatically improves’ the sustainability of these historic mills.
Lui adds: ‘Not only are we developing a US-based containerboard business, we’re also reinforcing our commitment to existing printing and writing and specialty customers with world-class, cost-competitive assets.’
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