A paper mill that was closed around 18 months ago could be reopening by this spring under new ownership making tissue and paper towel products.
The mill, located in Greenwich, N.Y., was formerly owned by American Tissue Corp. However, when the paper company filed for bankruptcy protection, the mill was one of the facilities that were closed.
A new ownership group, called St. Regis Investment Group, located in California, purchased the idled mill from bankruptcy protection last summer for slightly less than $1.5 million. Now, the company is making repairs to allow the mill to reopen by either March or April.
Don Wilbur, a supervisor with the town of Greenwich, said that the company has to make some repairs to the mill, including repairing a roof, before it can reopen. When it does, the paper mill hopes to hire between 80-90 people.
Additionally, preliminary plans call for a converting operation to be located adjacent to the mill.
The mill had been a large consumer of recovered fiber to make its finished product.
According to local press reports, the company plans on spending $800,000 replacing a dryer on one of two paper machines and $250,000 in repairs to rollers and other equipment in the plant.
The plant is located inside the county's Empire Zone, giving St. Regis tax breaks, cheaper utility rates and other perks for the jobs it will create.Latest from Recycling Today
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