Nine Dragons wraps up acquisitions of two US pulp mills
BEIJING, Nov. 9, 2018 (PPI Asia) -Nine Dragons Paper (Holdings)’s wholly-owned US subsidiary ND Paper recently completed the acquisitions of two pulp mills in the USA.
The company wrapped up the takeover of Maine’s Old Town facility, including around 100 acres (40.5 ha) of real estate, at the end of last month.
The Old Town facility could produce approximately 155,000 air dried tonnes/yr of bleached hardwood kraft (BHK) pulp before it was indefinitely idled in the fourth quarter of 2015, according to ND Paper.
The new owner expects to restart operations in the first quarter of 2019.
It also plans to switch production to ...