An East Tennessee paper mill is getting a more than $100-million dollar upgrade that will mean more jobs for McMinn County.
Resolute Forest Productions plans to install a new modern pulp digester and wood chip processing equipment at its mill in Calhoun.
"This investment will make a good mill even better," said Richard Garneau, president and chief executive officer. "It will improve the mill's long-term competitiveness by lowering its costs and giving it the flexibility to adjust grade production to changing market dynamics. This is a significant capital project, which reflects the company's commitment to this facility and confidence in the business environment in Tennessee."
The investment will also bring 50 new jobs to the mill, which already employs 480 people.
"For more than 50 years, Resolute Forest Products has had a thriving presence in East Tennessee which can be felt far beyond the borders of our state," stated Bill Hagerty, Commissioner of the Tennessee Department of Economic and Community Development. "Tennessee's global momentum is fueled by companies that extend their brand on a worldwide scale, and with customers in nearly 100 countries, Resolute is one of those companies. I appreciate the company's decision to further expand and invest in Calhoun, and for the jobs that will be created for our citizens."
The project is expected to be finished by mid-2016.