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2018 Foreign Direct Investor of the Year – International Grand Investment Corp. (IGIC) / St. Croix Tissue
St. Croix Tissue in Baileyville, Maine is a bright spot for Maine’s paper industry. In 2016, parent company International Grand Investment Corp. (IGIC), a US-based company for a Chinese investment firm, invested $120 million in two new tissue making machines that has resulted in more than 80 new jobs at the mill. These jobs pay between $18 and $35 per hour, and 30 percent of the workforce are women. The employees operate together as part of a high performance work team, every position from maintenance to process engineers. As part of new market grant money the company received, 60% of the new hires were low income earners, providing economic opportunity for people in Washington County. The giant machines produce tissue rolls that weigh 2.5 tons, and the mill can produce 125 rolls per day. All of the tissue produced in Baileyville is trucked to other plants for finishing where it is turned into paper towels, facial tissue, and other consumer paper products.