ND Paper, a wholly owned subsidiary of Hong Kong-based Nine Dragons Paper Holdings Ltd., has announced plans to strategically inject investment capital to improve the asset quality of its mills in Maine and Wisconsin in the coming year. A strategic modernization of its mill assets will “ensure these two facilities can operate efficiently for decades to come,” ND Paper reports in a news release.
“We have four mills, three of which were built more than 100 years ago,” says Ken Liu, group deputy chairman and chief executive officer at ND Paper. “By focusing on high-return strategic investments, we are building world-class, first-quartile mills that deliver innovative, high-quality products for our customers.”
As reported in October 2018, ND Paper plans to complete the conversion of its B25 machine at its mill in Biron, Wisconsin, from lightweight coated mechanical papers to recycled linerboard and corrugating medium in the first quarter of 2020. The company reports that this project will serve as ND Paper’s entry into new markets as well as stabilize tis Biron Division and solidify the job security of its employees.
Also, as a result of these investments, ND Paper reports that some of its machines at its mill in Rumford, Maine, are expected to take downtime in the first and second quarters of 2020. The pulp dryer at Rumford will take downtime in the first quarter of 2020 and its R10 machine will pause operation in late March 2020 for upgrades. The Rumford mill’s R12 machine is converting from printing and writing grades to specialty packaging products next year. Additionally, its R15 machine will take an extended outage in the summer months for upgrades.