Baileyville mill to expand, make tissue
The parent company of Woodland Pulp announced it will spend around $120 million to add two tissue-making machines to the Baileyville paper mill.
The Portland Press Herald reported the mill would begin construction this summer to accommodate the machines, which it estimates will require around 80 new employees to operate and maintain. Parent company International Grand Investment Corp., the U.S.-based holding company of a Chinese investment firm, plans for the new paper machines to begin operating sometime from late 2015 to early 2016.
John Williams, president of the Maine Pulp and Paper Association, told the newspaper that tissue paper is one of the few specialty paper areas where sales are climbing. Asian mills have added more capacity for tissue in response, but Williams said shipping costs for the bulky paper product give regional production and sales a competitive advantage.
The new tissue operation will operate under the name St. Croix Tissue, alluding to the name of the mill at its founding, St. Croix Paper Co. St. Croix and Woodland Pulp will operate as independent subsidiaries of International Grand Investment.
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