The Wisconsin Economic Development Corporation (WEDC) has confirmed they have signed an agreement to provide ND Paper with $1.7m in tax credits over three years to support the company’s expansion at its Biron division, with a project that is expected to create 27 new jobs.
ND Paper, the US-based subsidiary of Nine Dragons Paper, is planning several major projects, including the conversion of the BM25 from white papers to containerboard, construction of a greenfield recycled pulp facility and the construction of a water treatment and fiber recovery plant.
“ND Paper’s choice to invest here in Wisconsin shows the company’s continued commitment to our state and their workforce,” said Mark Hogan, secretary and CEO of WEDC. “These initiatives will require a significant capital investment on the part of the company and WEDC is proud to provide support to make this a viable project for ND Paper.”
“We are grateful for the support of WEDC and the State of Wisconsin,” said Ken Liu, ND Paper’s group deputy chairman and CEO. “These strategic investments not only create 27 new positions, but also preserve the jobs of our existing workforce of well over 300 hardworking employees. Our vision is to transform the Biron division into a world-class facility that is sustainable for the next 100 years.”
