Resolute Forest to invest $105M in Calhoun plant
by JOYANNA LOVE Banner Senior Staff Writer
Mar 27, 2014 | 570 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Resolute Forest Products has announced a $105 million investment in its Calhoun paper mill for capital improvements.

Debbie Johnston, Resolute Forest Products director of U.S. public affairs, said the investment would allow a paper production line that had been idled to be upgraded to produce a higher grade of paper.

The machine was idled as part of Calhoun’s discontinuation of newsprint and is being temporarily used while a line at a Georgia plant is being serviced.

It will also include a new pulp digester to allow a better quality and greater quantity, Johnston.

This investment will bring 50 new jobs to the plant, according to Johnston.

“We are ecstatic on a couple of different levels,” McMinn County mayor John Gentry said. “Resolute has been a McMinn Keystone industry for six decades.”

Gentry said the investment brings stability to the county since the Calhoun plant is its largest property taxpayer.

“This investment is going to diversify their product line,” Gentry said.

He said it is this ability to diversify that has kept the plant in operation as one of McMinn County’s largest employers.

The mayor said Resolute’s decision to make the investment in Calhoun and not one of their other plants shows they believe there is “a future in McMinn County” for the company.

“Whenever we make a capital we look at a lot of our assets, our facilities to make sure we are making an investment in a strategic way and the best facility suite for what we would like to do. Calhoun certainly rose to the top in that category,” Johnston said.

“Resolute Forest Products has had a thriving presence in East Tennessee which can be felt far beyond the borders of our state,” Tennessee Economic and Community Development Commissioner Bill Hagerty said in a press release.

“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 that will be created for our citizens.”

The announcement of the investment is good news not just for his county but for Bradley and Cleveland as well, he said. Many of the Calhoun paper mill employees come from Bradley County.

“Southeast Tennessee has a bright future,” Gentry said.

Johnston referred to the area as “a solid business environment.”

She also emphasized the local and state support that the project had received.

In addition to his excitement over the capital investment, gentry said he was also pleased with what this would mean for the new employees and their families.

“Its no secret that Resolute wages are well above the state and national average,” Gentry said.

This investment along with others in Southeast Tennessee recently make this area “the envy of others,” Gentry said.