Chinese company abandons $1.8B US paper mill plan

Photo: Sun Paper

A Chinese company is terminating its plans for a $1.8 billion paper mill in southwest Arkansas that had already been delayed by trade tensions, AP reports.

The $1.8 billion mill was announced in 2016 but has faced uncertainty since then because of trade tensions.

“Sun Paper’s announcement that it is not continuing with the Clark County development project is disappointing but not unexpected in light of the trade wars and the global economic downturn caused by the current coronavirus pandemic," Gov. Asa Hutchinson said in a statement.