First roll complete, Phoenix off and running at Wickliffe

On May 29, 2019, the former Verso paper mill in Wickliffe, KY, said it was officially back in business. The company that now owns and operates the mill, Phoenix Paper, says the first roll of bleached hardwood pulp was made on that date.

Verso officially closed the mill on July 1, 2016 and over 300 people lost their jobs. Phoenix Paper — owned by Chinese manufacturer Shanying International Holdings Group through Global Win Wickliffe LLC — bought the mill in 2018. Now, Phoenix says about 224 people are working there. The company expects to produce about 300,000 tonnes of pulp a year.

According to reports, Global Win intends to continue to grow in the North American market. It says a total of $US500M is earmarked for strategic investments in the pulp, paper, packaging and waste paper recycling sectors. Global Win plans to achieve sales of more than $1B in the US by 2020.

Global Win Capital Corp., based in Diamond Bar, LA County, CA, says it is responsible for: searching and evaluating Shanying International’s investment target for pulp and paper, packaging and the recycled fiber trade in the United States; implementing Shanying International investment projects in the US (equity investment, mergers and acquisitions, and strategic cooperation with relevant business partners in North America); post-investment management of company’s investing in US; responsible for the establishment of the management team in the United States, to build a local management team in the United States in accordance with localized management.

www.phoenixpaper.com

www.shanyinggwcc.com

Return to the May-June 2019 Index

Paper Industry Publishing Office
PO Box 2419, Montgomery, Alabama 36102
Toll Free:1-604-910-1826
Fax: (604) 264-1397
Publisher: Tim Shaddick
Email: info@paperindustrymag.com