Tuesday, April 26, 2016
Governor Hutchinson Announces Sun Paper to Open Bio-Products Mill in Arkadelphia
This will be the company’s first facility in North America.
During Governor Asa Hutchinson’s trade mission to Asia in November, Governor Hutchinson and Chairman Li signed a letter of intent of investment cooperation in which Sun Paper committed to studying the feasibility of building the facility in South Arkansas.
“The fact Sun Paper is investing more than $1 billion in south Arkansas speaks volumes of their confidence in our workforce and pro-business environment,” said Governor Hutchinson. “This is among the largest private investments in the state’s history and the impact will be felt for generations. Thanks to Sun Paper for choosing Arkansas as the location for its first North American facility.”
With the company’s $1 billion investment, Sun Paper’s investment in Arkansas is comparable to Big River Steel’s investment in Mississippi County. At the time that project was announced, it was the largest investment ever in Arkansas.
Arkadelphia is located in the heart of Arkansas’ timber industry with easy access to Interstate 30. Forests cover about 18.8 million acres – about half of the state – mostly in South Arkansas.
Headquartered in China’s Shandong Province, Sun Paper ranks among the top 500 Chinese enterprises and one of the world’s top pulp and paper makers. The company employs approximately 10,000 people worldwide.
FOR MORE INFORMATION CONTACT:
Scott Hardin, Communications Director
Arkansas Economic Development Commission
(501) 682-7306, firstname.lastname@example.org
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