Twin Rivers Paper Company Limited announced that it will invest approximately $12 million at its Madawaska facility as part of a strategic realignment to focus on growth-oriented market segments and maximize productivity.
Twin Rivers plans to invest approximately $12 million in PM8 to dramatically enhance the machine’s capabilities and broaden the markets served by the largest asset in the Twin Rivers paper mill system. The rebuild will establish PM8 as one of the largest producers of lightweight technical packaging and label specialties in North America, ideally positioned to support strategic growth initiatives while strengthening the company’s industry-leading lineup of hybrid and freesheet lightweight publishing grades.
The machine to be shut down, PM3, is one of the mill’s higher-cost machines – an older, slower and smaller machine that produces a variety of coated and uncoated grades.
As part of our strategic repositioning, we have reviewed our papermaking assets and have initiated a substantial upgrade to the largest machine in the system, PM8, which will be completed in 2017. Additionally, this repositioning will result in the permanent closure of PM3 at the end of July, improving productivity across our operations said Chief Operating Officer John Reichert.
|Company Name||Twin Rivers Paper Company|
|Type||To Enhance the PM8 Machine’s Capabilities|
|Estimated Cost||$12 Million|
Source : twinriverspaper.com