Nine Dragons set to invest in US

ND Paper announces $300 million investment project that includes recycled-content pulp lines.

ND Paper, the Oakbrook Terrace, Illinois-based subsidiary of Hong Kong-based Nine Dragons Paper (Holdings) Limited, has announced it will invest $300 million over the next two years into its mills in Wisconsin and Maine. Those mills, in Rumford, Maine and Biron, Wisconsin, were purchased from Canada-based Catalyst Paper in June 2018.

The company says its strategic review of the new mills led it to “a multi-faceted investment strategy that diversifies the United States mills’ product mix, increases their overall production capacity, and fundamentally improves their viability for generations to come.”

The Rumford location will see an anticipated $111 million invested to finance two projects, including the construction of a greenfield recycled-content pulp facility. The pulp line will add approximately 1,200 air-dried metric tons per day of manufacturing capacity to the site, according to ND Paper....

See Also:

ND Paper Expands-Upgrades Wisconsin and Maine Paper Mills


Ken Notes: This is fascinating, a Chinese Company investing is a US industry that we sort of abandoned over the last couple of decades. This is about cardboard 101, every item from China comes in a cardboard box. China needs the raw materials to make the boxes which comes from the boxes and waste paper already here. I is actually far cheaper to pulp it here and ship it back to China because a lot of the boats are empty anyway! If we were smart we would charge an import tax on the packaging tonnage coming into the US and then distribute it to the recyclers and dumps who have to deal with it. Instead we tax the product in the box increasing the price to the consumer.

- - Volume: 6 - WEEK: 41 Date: 10/11/2018 9:55:40 AM -