ND Paper Announces Strategic Capital Equipment Upgrades
MAINE (News release) -- ND Paper announced it will strategically inject investment capital to improve the asset quality of its mills in Maine and Wisconsin in the coming year. ND Paper strives to be a leading North American producer of pulp and paper products, including coated two-side, coated one-side, and uncoated printing papers; containerboard; and market pulp. A strategic modernization of mill assets will ensure these two facilities can operate efficiently for decades to come. "We have four mills, three of which were built more than 100 years ago," said Group Deputy Chairman and Chief Executive Officer Ken Liu. "By focusing on high-return strategic investments, we are building world class, first-quartile mills that deliver innovative, high quality products for our customers." Rumford Division This investment will not only enhance the quality of our printing and writing and C1S grades, but also ensure the long-term viability of the Rumford Division. Biron Division The months ahead will be transformative for our mills as we build a safe, scaled, and sustainable company. **********
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