Sappi snags state award for Cloquet mill

Wednesday, September 20, 2017


CLOQUET — The Sappi pulp and paper mill was recognized by the Minnesota Office of Foreign Direct Investment on Tuesday as the mill's South African owner has poured money into the plant to keep it viable and growing in recent years.

"I can not imagine a better example of driving investment and driving innovation in this region," said Brian Hanson, CEO of economic development firm APEX, as dignitaries and company officials gathered to celebrate the award. "This is exactly the kind of innovation we need in this region to continue to be successful."Sappi bought the 119-year-old Cloquet mill in 2002. Part of the state recognition stems from a $170 million investment in 2012 that brought chemical cellulose capabilities to the mill, keeping it on the leading edge of the industry. Continued investment, such as a new head box due next month, is anticipated.

"We see a bright future for the mill," said Sappi North America CEO Mark Gardner. "We'll be growing in North America over the next few years."

Read the full article in the Duluth News Tribune


Category: Investors