Caitlin Shuda, Wisconsin Rapids Daily Tribune
BIRON – The Biron paper mill is expected to expand after a multi-million-dollar investment from its parent company.
ND Paper, a U.S.-based subsidiary of Nine Dragons Paper, will commission several projects, investing $189 million in the Biron mill, according to a news release from ND Paper. The mill currently employs 350 people – all of whom will keep their jobs. The Biron mill plans to add 27 additional jobs, said company officials.
The company will invest a total of $300 million over the next two years into its newest Wisconsin and Maine mills and add a total of 77 new jobs between both sites. Catalyst announced in May it agreed to sell its Rumford, Maine and Biron mills to ND Paper out of Hong Kong for $175 million. The sale was finalized in June.
“While strongly supporting our global fiber strategy, this suite of projects also dramatically improves the sustainability of these historic mills,” said Ken Liu, ND Paper’s chief executive officer.
The investments for both mills will focus on long-term sustainability, safety and efficiency.
For more information about ND Paper, visit us.ndpaper.com.