July 24, 2017
Catalyst Paper's project would support 62 new jobs at Rumford mill
British Columbia-based Catalyst Paper Corp. projects that a $56 million investment in a tissue-making machine at its Rumford mill would support 62 full-time jobs.
The Bangor Daily News reported that Catalyst has applied for a $25 million loan through the Finance Authority of Maine’s Major Business Expansion program and for $12.7 million in state tax credits or taxpayer cash through the state’s New Markets Capital Investment program, to help finance the machine. Catalyst plans to put in $13.9 million of its own money into the project.
The mill currently employs about 640 people making pulp and coated paper, but that market is in decline, the BDN reported.
A customer has been lined up for the tissue paper.
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