Phoenix Paper/GWCC announces new President and CEO Michael Grimm

WICKLIFFE, Kentucky — September 10th, 2021 — Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, today announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role.

The announcement was approved by the board of directors of GWCC and was shared by Henry Yan Vice President of Shanying International, who remarked that Grimm was a “standout in a long, intensive international search.”  Henry also added, “Mike is a strong match for what we were looking for to lead the North American business unit. He brings direct experience in the Uncoated Freesheet market as well as a solid track record of leading manufacturing organizations through highly successful operational and commercial transformations. We welcome Mike and are excited about the extensive knowledge and experience he brings to Phoenix Paper.”

Grimm brings a broad manufacturing background with him to GWCC/Phoenix. Grimm has spent much of his career in the paper industry in numerous roles starting as an entry level engineer with the Mead Corporation and most recently as Vice President of operations for DS Smith located in Atlanta, Georgia. Before joining DS Smith, Grimm served as President and CEO of American Eagle Paper Mills and held several executive roles at Seton Company, a global automotive interiors supplier. During this time Grimm served as, General Manager of Interiors Division, Vice President of Global Engineering, and Chief Information Officer.

Grimm earned a bachelor’s degree in Engineering at Penn State University and has also completed several executive courses from both the Harvard Business School and the Wharton School at the University of Pennsylvania.

“Phoenix Paper has such a fantastic story and is a pillar of the western Kentucky community,” said Grimm.  “I firmly believe that there is big potential for the Wickliffe Paper Mill, and I am excited to contribute to the team’s success. I am looking forward to joining the team and working hard at sustainable growth for future generations of employees in Kentucky.”

Phoenix Paper completes 5M recommissioning project for Pulp Dryer.

August 31, 2021 – In August, Phoenix Paper finished a 5M recommissioning project for our Pulp Dryer. The addition of the Pulp Dryer will allow Phoenix Paper to more efficiently operate the back end of the mill, as well as add a secondary product of baled pulp. The project was complex, upgrading former equipment and raising the roof of the building to accommodate the newer standard size of rail cars. The project was completed on time, on budget, with zero injuries. Congratulations to the entire team and our contractors for a job well done!

Minerals Technologies Signs Agreement with Phoenix Paper to Rebuild and Operate a 35,000 Ton Per Year Satellite PCC Plant in U.S.

June 16, 2020 (GLOBE NEWSWIRE)— Minerals Technologies Inc. announced today that it has signed an agreement with Phoenix Paper LLC to re-establish a 35,000 ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Wickliffe, Kentucky. This paper mill had been idled for the past five years and was recently purchased and restarted by Phoenix Paper, a subsidiary of Shanying International, a Chinese-based company focused on entering the North American paper market. MTI has been providing its PCC from nearby sources to the Wickliffe site since the facility restarted operations in November of 2019.

“We are very pleased to collaborate with Phoenix Paper to support production of higher value grades from their paper machine in Wickliffe, Kentucky, using our PCC technology,” said Douglas T. Dietrich, Chief Executive Officer. “We are excited to see the redeployment of our PCC assets in North America through this opportunity.”

D.J. Monagle III, Group President, Specialty Minerals and Refractories, commented further, “Phoenix Paper has shown itself to be an innovative and reputable paper company. We are excited to grow our relationship with them through this agreement and work closely with their production team in Kentucky. Our PCC will be used as a paper filler to lower costs and improve brightness, opacity, and bulk.”

With first roll complete, Phoenix Paper is officially operating in Wickliffe

May 29, 2019 — The Wickliffe, Kentucky, paper mill is officially back in business. The company that now owns and operates the mill, Phoenix Paper, says employees made the first roll of bleached hardwood pulp Wednesday.

When the previous owner, Verso, officially closed July 1, 2016, More than 300 people lost their jobs. Phoenix Paper — owned by Chinese manufacturer Shanying International — bought the mill last year. Now, Phoenix Paper says about 224 people are working at the Wickliffe facility.

With a news release sent Wednesday, Phoenix Paper says the mill officially restarted operations at 12:45 a.m. Wednesday. The company shared a photo of its first roll of paper pulp, and says it expects to produce about 300,000 tons of it per year.


1724 Fort Jefferson Hill Road
PO Box 500
Wickliffe, KY 42087


(270) 335-4000