Governor Paul R. LePage will participate in a groundbreaking ceremony at St. Croix Tissue Inc., in Baileyville. Parent company, International Grand Investment Corporation (IGIC) will invest $120 million on two new tissue machines, creating 80 new direct jobs and more than 200 new indirect jobs. Industry experts say this represents the largest single investment in Maine's paper industry in decades.
"Maine has a deep-rooted history in the papermaking industry," said Governor Paul R. LePage. "Clearly the industry is at a crossroads with intense global competition and other challenges. My administration is committed to working with all Maine paper mills to become more competitive and realize the full potential of our tremendous assets."
The first paper machine at St. Croix Tissue is expected to be operational next fall, with the first wave of hiring taking place next spring.
WHEN: 10:30 a.m., Friday, October 10
WHERE: 144 Main St., Baileyville
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