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Bear Island Paper Mill owner to turn mill and area jobs back on in 2018
Richmond, Va., July 11, 2018 - Only twelve months after the Bear Island Paper mill closed its doors, White Birch Paper announces it will reopen its Bear Island mill, located in northern Hanover County, Virginia, in the third quarter of 2018.
"We are incredibly invested in the Richmond community," stated Chris Brant, President and Chief Operations Officer, White Birch Paper. "This step allows us to help reinvigorate the mill, foster new momentum for the mill."
The mill, which was idled at the end of June 2017, has an annual production capacity of roughly 215,000 MT of standard newsprint. "The dynamics of the current newsprint market have made it clear that the market is in a temporary state of undersupply. Further anticipated capacity closures will expedite difficult decisions for consumers in an already tough environment," said Brant. "While the long-term trend for the consumption of newsprint is assuredly on the decline, short to medium term market conditions will accommodate, if not welcome, some relief from recent shortages in supply. White Birch is a long-term player in this market, and we are dedicated to supplying continuity to those consumers with that same long-term outlook."
The company continues to market the mill. The sale of the 600,000 square foot facility is being handled by JLL's Danny Holly, Jimmy Appich and Chris Avellana. "We're thrilled with this next step for White Birch," added Danny Holly, Vice President, JLL. "It demonstrates their fierce commitment to Hanover County for the past 38 years and they are setting up the mill and the greater Ashland community for the utmost success in the future."
For more information about Bear Island Paper Mill, visit www.whitebirchpaper.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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