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Dragon Cement and Concrete Announces $50 Million
Modernization of Thomaston Plant
Gov. Baldacci says
investment will "further solidify" Dragon's
economic contribution to Maine
Dragon Cement and Concrete announced today it
will embark upon a $50 million modernization of
its cement plant in Thomaston, the first major
expansion of New England's only cement plant since
1971.
Dragon President Joseph Koch said the
modernization will increase efficiency and
production capabilities while reducing costs. The
project will permit Dragon to maintain or increase
employment levels at the plant for the next 20 to
30 years.
The modernization, which will include a major
overhaul and rebuilding of the plant, is expected
to take 18 months. The project will result in jobs
being maintained or added at the plant, rather
than reduced as is the case in many industrial
modernization efforts.
The modernization will change the cement-making
process from a wet, slurry-type process used now
to a dry, more state-of-the-art process that will
save energy and reduce fuel consumption. The
change will reduce the size of the kiln and
increase production by about 40 percent, Koch
said.
"To remain competitive, it is vital that we
maintain state-of-the-art technology and
equipment," Koch said. "Improving the cement plant
will not only provide continued employment but
will also increase exports from Maine, and help to
increase revenues for the state. This rebuild of
the plant marks the beginning of a new generation
for Dragon."
Gov. John Baldacci said, "I'm very pleased that
this investment is being made in Maine at this
time. Dragon Products has been a part of this
state for a century. The company's investment will
further solidify its important economic
contribution to Maine."
Maine Chamber President Dana Connors credited the
Dragon team led by Koch, a former chairman of the
Maine Chamber, for making such an important and
lasting investment in Maine. "Dragon shares the
vision for Maine that the Chamber holds," Connors
said. "Investing in Maine means investing in its
people, its greatest resource."
Headquartered in Portland, Dragon operates the
only cement manufacturing facility in New England
in Thomaston and is the largest supplier of
ready-mix concrete in Maine. The company employs
more than 225 full-time employees statewide.
The modernization is aimed at upgrading equipment
at the Thomaston plant that ranged in age from 30
to 70 years and hampered Dragon's effort to
compete in the marketplace.
"This modernization is a solid plan to keep the
plant viable in a competitive market," Koch said,
pointing to increased competition from Canada
caused by the favorable exchange rate. "It will be
good for the community and good for our employees
at the plant, who are a key part of the Dragon
team."
The most important improvement is the change over
in cement production, Koch added. Presently, the
company utilizes a wet-kiln process. Conversion to
a dry process will provide dramatic savings in
terms of energy by shortening kiln time from 150
minutes to 45 minutes and reducing fuel
consumption by one third, Koch said.
"We will be able to produce 700,000 tons of cement
on the same amount of fuel currently used to
produce 500,000 tons," he said. "This increased
efficiency will result in a positive environmental
benefit because while our production will
increase, our emissions will not."
Through a cooperative working relationship with
the Maine Department of Environmental Protection,
Dragon already has obtained all necessary
environmental permits for construction and
operation, Koch added.
To accommodate the increased production, new
equipment such as a new cement barge, rail cars
and storage capacity will be added. In 1995,
Dragon expanded into southern New England cement
markets with the addition of a multi-modal marine
and rail terminal and shipping operation. |