Rumford paper mill sold, again
RUMFORD (WGME) – Rumford’s paper mill has been sold again.
Nine Dragons Paper, a company out of China, bought the Rumford mill and a mill in Wisconsin for $175 million. The hope in Rumford is that they will keep the mill open, and even expand operations.
The president of the Local 900 union representing most of the mill workers met with officials from Nine Dragons Paper Friday afternoon.
Gary Hemingway says he likes what he hears so far.
"They're going to honor our contract,” Hemingway said. “They're environmentally friendly. They're people friendly."
Hemingway is excited they'll be owned by a paper company interested in making and selling products from the mill.
"They're not a holding company or an investment company,” Hemingway said. “They're actually a paper company. And that's what we need. Ever since a holding company got ahold of us, all they do is tear us up."
Governor Paul LePage welcomed Nine Dragons Paper to Maine with a tweet.
But considering how many paper mills have closed in Maine, there is always concern when a mill is sold.
Revenues at Nine Dragons Paper topped $45 billion last year, and town leaders are hoping the company invests in the Rumford Mill.
But at this point there has been no official word yet from Nine Dragons on their plans for the mill.