At two U.S. pulp and paper mills

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 ND Paper, the newly-formed U.S.-based subsidiary of Nine Dragons Paper (Holdings) Limited, the largest containerboard producer in Asia.

After completing the purchase of its Rumford, Maine and Biron, Wisconsin pulp and paper mills in June 2018, ND Paper immediately executed a strategic review of investment options to further enhance the long-term sustainability of these facilities. This investigation has led the company to a multi-faceted investment strategy that diversifies the U.S. mills’ product mix, increases their overall production capacity, and fundamentally improves their viability for generations to come.

 In total, ND Paper expects to invest $300 million within two years to complete these projects. The Rumford Division will receive an injection of $111 million to finance two significant projects, which will include construction of a greenfield recycled pulp facility and installation of a shoe press on the R15 paper machine, which increases the machine’s production capacity by approximately 20 percent.

In Wisconsin, the Biron Division will commission several major projects at a cost of $189 million. Planned projects include:conversion of the B25 paper machine to containerboard products; construction of a two-line greenfield recycled pulp facility and construction of a water treatment and fiber recovery plant, a package boiler to provide energy, storage facilities for raw materials and a finished good warehouse.