Catalyst Paper’s project would support 62 new jobs at Rumford mill

British Columbia-based Catalyst Paper Corp. projects that a $56 million investment in a tissue-making machine at its Rumford mill would support 62 full-time jobs.

The Bangor Daily News reported that Catalyst has applied for a $25 million loan through the Finance Authority of Maine’s Major Business Expansion and for $12.7 million in state tax credits or taxpayer cash through the state’s New Markets Capital Investment program, to help finance the machine. Catalyst plans to put in $13.9 million of its own money into the project.

The mill currently employs about 640 people making pulp and coated paper, but that market is in decline, the BDN reported.

A customer has been lined up for the tissue paper.
http://www.mainebiz.biz/article/20170724/NEWS0101/170729977/catalyst-paper%E2%80%99s-project-would-support-62-new-jobs-at-rumford-mill

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