SKOWHEGAN – It isn’t often we hear positive economic news when it comes to Maine’s remaining paper mills, but that’s the case with the Sappi Mill in Skowhegan.
The company announced today it’s investing $165 million dollars in the somerset mill.
The money is being used to rebuild its number one paper machine to help Sappi expand it’s North American manufacturing capabilities.
The move is expected to help the company maintain its leadership position in the graphic paper market while also helping it increase production to almost 100 tons annually.
It’s part of a plan to invest $305 million over a three year period to improve its mills throughout the U.S. and Europe.
The project at the Skowhegan plant is expected to come online in 2018.
The company plans release more details when it holds a special celebration on Friday.