Northbrook, Illinois, USA 20 February 2014 -- /PRNewswire/ -- KapStone Paper and Packaging Corporation (NYSE: KS) announces the completion of a $29 million investment at the company's North Charleston, SC, paper mill. The primary project in this investment was the replacement of the press section on No. 3 Paper Machine which improves the capability and efficiency of producing Ultra High Performance (UPL) lightweight linerboard grades. The new press section was supplied by PMT Italia. The investment also included projects in the fiber and utilities areas to support production of these strategically important grades.
The installation and startup of the new press and the supporting projects were completed on schedule in early February.
KapStone has become a market leader among independent box makers by developing and selling light-weight, high-performance, virgin-fiber-based kraft linerboard.
About the Company
Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company is the parent company of KapStone Kraft Paper Corporation and KapStone Container Corporation which includes four paper mills and 22 converting plants, respectively, across the US. The business employs approximately 4,600 people.
SOURCE KapStone Paper and Packaging Corporation