ND Paper and Billerud Wisconsin LLC closed on an Asset Purchase Agreement, whereas ND Paper will own and operate Billerud's Water Quality Center and associated landfill and F&E landfill assets in Wisconsin Rapids.
Terms of the deal were not disclosed.
The Water Quality Center is an essential component of ND Paper's Biron pulp and paper mill, which is situated a few miles east on the Wisconsin River.
In a press release, ND Paper said, "The agreement ensures the mill's uninterrupted production and ND Paper's Biron facility will remain an integral part of the Wisconsin Rapids community."
ND Paper noted that five employees are responsible for operating the water facility and will be joining the ND Paper team.
The sale of the water facility follows the sale of Billerud's idled Wisconsin Rapids pulp and paper mill and related assets to Capital Recovery Group in April. The mill was closed in July of 2020.
Nine Dragons Paper Eyes Higher Manufacturing Capacities
China’s Nine Dragons Paper is planning to ramp up the company’s manufacturing capacities in the near future.
“Currently, Nine Dragons Paper has a paper production capacity of 21.67 million metric tons. Among them, Beihai base was officially put into operation, adding production capacity of 0.80 million metric tons for virgin kraftliner and 0.55 million metric tons for printing and writing paper to the Group,” the business said in a statement.
“Next, we will continue to progress along our roadmap for high-value and high-profitability development. As such, the Group is pressing on its capacity expansion projects with a total of 2.00 million metric tons of paper production capacity for bleached folding boxboard, sack kraft paper and printing and writing paper to further enhance the product mix,” according to Nine Dragons Paper.
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