Oak Brook, IL /PRNewswire/ - ND Paper in 2020 will strategically inject investment capital to improve the asset quality of its mills in Maine and Wisconsin.
ND Paper strives to be a leading North American producer of pulp and paper products, including coated two-side, coated one-side, and uncoated printing papers; containerboard; and market pulp. A strategic modernization of mill assets will ensure these two facilities can operate efficiently for decades to come. "We have four mills, three of which were built more than 100 years ago," said Group Deputy Chairman and Chief Executive Officer Ken Liu. "By focusing on high-return strategic investments, we are building world class, first-quartile mills that deliver innovative, high quality products for our customers."
At our Rumford, Maine facility, our pulp dryer and all three paper machines will undergo significant upgrades.
This investment will not only enhance the quality of our printing and writing and C1S grades, but also ensure the long-term viability of the Rumford Division.
As previously announced in October 2018, we will complete the conversion of the B25 machine from lightweight coated mechanical papers to recycled linerboard and corrugating medium in the first quarter of 2020. This project will serve as ND Paper's entry into new markets, as well as stabilize the Biron Division and solidify the job security of our dedicated employees.
The months ahead will be transformative for our mills as we build a safe, scaled, and sustainable company.
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