Tiger Group Auctions Off 600-TPD Recycled Pulp Facility Amid Funding Challenges
Event summary
- Tiger Group and Can-Am Machinery announced a dual-track sale process for a 600-TPD OCC fiber-processing facility in Chesapeake, Virginia.
- The auction, set for October 8, 2026, includes pulping, screening, dewatering, drying, baling, and packaging systems.
- The facility, designed to produce 200,000 metric tons of unbleached recycled pulp annually, is strategically located near the Port of Norfolk.
- The sale process includes both turnkey and bulk acquisition opportunities, with bidding opening on October 1, 2026.
The big picture
The sale of the Total Fiber Recovery facility highlights the challenges faced by recycled pulp producers in securing funding for new capacities. The strategic location near the Port of Norfolk underscores the importance of logistics in the recycled pulp market. The dual-track sale process reflects a broader trend of flexible asset disposition strategies in the industrial equipment sector.
What we're watching
- Strategic Buyer Interest
- How the dual-track sale process will attract strategic buyers considering the complete facility versus individual systems.
- Asset Valuation
- Whether the limited operating service of the equipment will impact its valuation and bidding outcomes.
- Market Dynamics
- The pace at which the recycled pulp market will absorb this capacity, given the facility's strategic location near the Port of Norfolk.