Wausau Paper Announces $27 Million Machine Rebuild
Feb. 17, 2010 - Wausau Paper said that its Board of Directors approved a $27 million capital investment to provide tape-backing paper production capabilities at its mill in Brainerd, Minnesota.
Scheduled for completion in the first quarter of 2011, the rebuilt machine will utilize state-of-the-art technology to produce a wide range of unsaturated tape-backing paper — the base stock used to produce masking tape — while retaining the flexibility to produce premium printing and writing products, Wausau said.
“This investment solidifies our leadership position in the global tape market and reaffirms our commitment to support growth of domestic and international customers," said Thomas J. Howatt, president and chief executive officer.
"Once complete, the rebuild will equip us with one of the most advanced and cost-effective unsaturated tape-backing machines in the world, enabling us to further penetrate this highly specialized market,” he said.
Wausau Paper produces and markets fine printing and writing papers, technical specialty papers, and "away-from-home" towel and tissue products.
SOURCE: Wausau Paper