Phoenix Paper to Invest $200 Million in New Paper Recycling Facility at Its Mill Site in Kentucky
With an estimated 700,000-ton annual capacity, Phoenix Paper's new recycling facility will receive post-consumer cardboard and mixed paper from various regional locations.
August 12, 2019 - Phoenix Paper LLC plans to invest $200 million to build a paper recycling facility on the grounds of the Wickliffe pulp and paper mill it purchased from Verso in September of 2018. Kentucky Governor Matt Bevin said, “This new recycling facility will bring a tremendous amount of additional economic activity to the West Kentucky region for decades to come. The project will further support Phoenix Paper's commitment to create 500 good-paying jobs in Ballard County. “The company's ongoing investment in the Wickliffe region is truly proving transformative, and it further demonstrates how Kentucky leads the way as a destination for international investment in engineering and manufacturing,” Gov. Bevin added. According to the Governor's office, Phoenix Paper plans to use the existing site to build a paper-and-pulp recycling facility. With an estimated 700,000-ton annual capacity, the new facility will receive post-consumer cardboard and mixed paper from various regional locations. Following cleaning and screening of the raw material, the stock will be formed and dried into industrial pulp and finished paper. Current design and equipment specifications are being finalized with construction to begin before the end of the year. The project is expected to be completed within 14 to 18 months. Phoenix Paper, a subsidiary of China-based Shanying International, opened the Wickliffe mill earlier this year and produced its first roll of bleached, hardwood pulp on May 29. The facility currently employs more than 200 people and has an annual capacity of 300,000 tons. Phoenix Paper Wickliffe, LLC is a subsidiary of Shanying International and is Shanying's first pulp and paper mill in the United States. To learn more, please visit: www.phoenixpaper.com. SOURCE: Governor Matt Bevin's Office, and Phoenix Paper |