LINCOLN — A North Carolina company that makes a composite wood material intends to build a factory in Lincoln that would employ about 100 people.
LignaTerra Global LLC says the 300,000-square-foot plant will be built on town-owned land that used to be part of the former Lincoln Paper and Tissue mill.
Lincoln officials plan to sell or lease some of the 76.6-acre site, the Bangor Daily News reported. The operation will be funded by venture capital firms utilizing a new federal tax program thanks to Lincoln’s designation as an Opportunity Zone.
LignaTerra produces cross-laminated timber that’s meant to serve as an alternative construction material to steel and concrete.
The company withdrew a previous plan to build at a former paper mill site in Millinocket because of an unresolved federal tax lien.
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less