This link was published on 9 August 2018

Chinese company Nine Dragons buys Catalyst Paper mills in US for US$175 million

Canadian company Catalyst Paper Corp. is selling its US operations, including a pair of paper mills in Maine and Wisconsin, to a Chinese company Nine Dragons Paper. Nine Dragons Paper is paying US$175 million for the mills and an operations centre in Dayton, Ohio. There are no plans for lay-offs at the mills, which employ about 610 workers in Rumford, Maine, and 380 workers in Biron, Wisconsin, a spokeswoman said.

  • South China Morning Pos
  • Nine Dragons
  • Maine
  • Wisconsin
  • $175 million
  • Ohio
  • Rumford
  • Biron
  • Catalyst Paper Corp