NewPage to Sell Kimberly, Wis., Mill to AIM Demolition
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NewPage Wisconsin System Inc., an indirect, wholly-owned subsidiary of NewPage Corp., Miamisburg, Ohio, USA, announced this week that AIM Demolition USA, Macedonia, Ohio, will purchase its shuttered Kimberly, Wis., coated paper mill. The transaction is expected to close this month. AIM Demolition is currently exploring various avenues regarding the potential future of the site.
NewPage indefinitely shutdown operations at the Kimberly mill in August 2008, having acquired it from Stora Enso a year earlier. The mill had been operating two paper machines, Nos. 96 and 97, which produced about 500,000 tpy of coated free sheet. Some 475 employees lost their jobs when the mill was closed, in addition to 125 workers affected by the shutdown of the mill's No. 95 paper machine in May 2008.
NewPage is the largest coated paper manufacturer in North America, based on production capacity, with $3.6 billion in 2010 net sales. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint, and specialty papers. The company owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin, and Nova Scotia, Canada, with a total annual production capacity of approximately 4.1 million tons of paper, including 2.9 million tons of coated paper, 1.0 million tons of uncoated paper, and 200,000 tons of specialty paper.
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