Miron Construction has broken ground on US-based Green Bay Packaging’s new paper mill in the US state of Wisconsin.
Estimated to cost $500m, the expansion project will replace the existing recycled paper mill built in 1947, which has been rebuilt three times since then.
The new $475m mill will be constructed over a period of three years. Green Bay Packaging will also invest $25m to expand its shipping container division as part of the project.
Wisconsin Governor Scott Walker said: “Green Bay Packaging is a key player in our state’s economy. This new investment shows their continued commitment to Wisconsin and our families because it is expected to preserve more than 1,400 jobs and create 200 new ones statewide.
“It’s important that we continue to work with businesses who want to stay and thrive in Wisconsin.”
The $500m investment by the company will be one of the major economic development projects in the history of Wisconsin and the largest so far in Brown County. This investment will protect 1,100 jobs in Brown County alone.
Green Bay Packaging president and CEO Will Kress said: “We are proud to officially begin construction of our new, state-of-the-art paper mill in the city where our company was founded over 85 years ago.
“This new facility is the result of the continued hard work and success of our dedicated employees and loyal customers.”
The expansion project is expected to create 1,000 additional construction jobs and the new mill is expected to be fully operational in 2021.
Technology firm Voith has been selected by Green Bay Packaging to install a new paper machine.
To ensure that the new mill is built in Wisconsin, the Wisconsin Economic Development Corporation (WEDC) has provided $60m in state income tax credits over 12 years to Green Bay Packaging.
The actual amount of tax credits is contingent upon the number of jobs created and retained, and the amount of capital investment Green Bay Packaging makes through 2029.
Image: Scott Walker speaking at the 2017 CPAC in National Harbor, Maryland. Photo: courtesy of Gage Skidmore/Wikipedia.