Potsdam Specialty Paper Celebrates 22 New JobsPosted: Updated:
Hiring for 22 new jobs is underway at a Potsdam paper plant more than a century old and the New York Power Authority is following through on a promise to assist.
Potsdam Specialty Paper has had its ups and downs. Friday was an up day.
A new piece of machinery as long as two tractor trailer trucks was unveiled.
The mill has already hired the first of the 22 new workers to come on board.
It also can now venture into new products.
The company's CEO says it doesn't get support from big banks or Wall Street, but there are people they can rely on.
“You know who does support us and love us here? It's folks like NYPA and the community. They are the people who believe in us and help us make this happen,” said Mike Huth, CEO of Potsdam Specialty Paper.
“This improved facility is a shining example and a validation,” said Eugene Nicandri, NYPA vice chairman.
A New York Power Authority discount will cut electricity costs for running the new machine in half.
The company itself has made a $2 million investment in the expansion.