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Displaying Articles 1 - 25 of 131
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Pregis invests $80 million in new film extrusion facility in South Carolina

Pregis, a leading global manufacturer of protective packaging, is announcing a $80 million investment in a new, state-of-the-art blown film extrusion facility in Anderson, South Carolina.

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Metsä Board invests Euro 210 million in its Husum mill in Sweden

Metsä Board announced an investment of Euro 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy.

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Hunt Forest Products and Tolko Industries Announce New Sawmill in Bienville Parish, Louisiana

Gov. John Bel Edwards, Hunt Forest Products co-owner James D. Hunt and Tolko President and CEO Brad Thorlakson announced that the companies will develop a new $240 million sawmill in Bienville Parish. Resulting from the collaboration of these two companies, the joint venture company will create 130 direct new jobs, with an average salary of $57,400, plus benefits.

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Pratt to invest $400 million in new Henderson, Kentucky paper mill, create 320 jobs

Pratt Paper, a part of sustainable packaging company Pratt Industries, is planning to invest $400 million in a paper mill in Henderson, Gov. Andy Beshear announced Thursday -- resulting in 320 high-paying full-time jobs.

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Mayr-Melnhof Packaging invests around Euro 35 million in Neupack Polska

Mayr-Melnhof Packaging is investing around Euro 35 million in Neupack Polska and expanding the site with a focus on e-commerce and high-quality fine corrugated cardboard (microflute).

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Sonoco Updates $115 Million Project Horizon Progress; Announces Pending Closure of Two URB Machines

Sonoco provided a progress report on Project Horizon, its $115 million investment to transform its corrugated medium machine in Hartsville, S.C. to a state-of-the-art uncoated recycled paperboard operation with annual production capacity of 180,000 tons.

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Södra contributes SEK 6.4 million to research projects

SEK 6.4 million. That is the additional amount that the Södra Foundation for Research, Development and Education is contributing to research projects in forest management and the forest industry. The largest initiatives focus on mixed coniferous stands in southern Sweden and renewable fuels.

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Tetra Pak to invest €100 million to expand European manufacturing for more sustainable solutions

Tetra Pak has announced an ambitious investment program dedicated to its factory in Châteaubriant, specialised in the production of caps. Spanning across a three-year period (late 2021-2023), this €100 million project will support the plant's transition to the production of tethered caps by 2024. Tethered caps help to minimise litter, as the cap will stay attached to the package.

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$440 million engineered-wood facility planned for Iron Range, Minnesota

Groundbreaking on the mill could come as soon as this fall but is mostly likely slated for the spring.

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Smurfit Kappa to invest Euro 24 million in corrugated plant in Rethel, France

Smurfit Kappa will invest Euro 24 million to expand its corrugated plant in Rethel, North-East France. The new investment will facilitate the consolidation of two existing facilities at that plant and the installation of a new state-of-the-art corrugator and conversion equipment.

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Mondi approves EUR125 million expansion of Finland facility

The project includes an upgrade of the wood yard, fiber line, evaporation plant and paper machine. Start-up is planned for the fourth quarter of 2023.

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Norske Skog announces containerboard project

Norske Skog will invest approximately EUR 250 million in the conversion of Golbey PM1, and a syndication of financing facilities of approximately EUR 175 million is being finalised, subject to final documentation and final approval from the relevant export credit agency.

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Klabin to invest $69 million in 23 projects

Klabin SA is going to invest 342 million reais ($69 million) in 23 projects throughout 2022, according to a securities filing on Tuesday.

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Pregis invests more than $14 million in new Atlanta area manufacturing facility to support e-commerce growth

The new 298,000 square foot facility will be located in McDonough, Georgia and is the latest in a series of investments in protective packaging manufacturing facilities to support e-commerce demand. Pregis recently announced two manufacturing facilities in Texas, one in Bethel, Pennsylvania, in addition to an existing facility in Elk Grove Village, Illinois.

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Canfor to invest $160 million in new sawmill in Louisiana and halt greenfield project in Georgia

Canfor Corporation says will invest approximately US$160 million to build a new sawmill near DeRidder, Louisiana. The company will receive state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs.

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Smurfit Kappa invests €12m to upgrade Spain bag-in-box facility

Smurfit Kappa's Bag-in-Box division has announced the completion of a €12 million investment in a new flexible material production facility at its plant in Ibi, Spain.

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Stora Enso invests in competitiveness of Anjala-Ingerois and Nymölla production sites

Stora Enso has decided to invest EUR 21 million to improve the competitiveness and environmental performance of the Anjala-Ingerois production sites. Stora Enso will also invest EUR 26 million in modernising the pulp production at Nymölla in Sweden.

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Resolute Announces $50 million in Lumber Investments

Resolute Forest Products Inc. declared a special cash dividend of $1.00 per share of common stock, payable on July 7 for holders of record at the close of business on June 28. The company also announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the second quarter.

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Lenzing to invest more than Euro 200 million in its production sites in Indonesia and Nanjing, China

The Lenzing Group will invest more than Euro 200 million in its production sites in Purwakarta, Indonesia, and Nanjing, China, to convert existing standard viscose capacity into environmentally responsible specialty fibers.

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Domtar breaks ground on $300 million renovation in Kingsport, Tennessee

Domtar held a groundbreaking ceremony for its $300 million renovation and expansion of the Kingsport mill.

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Ilim Group starts installation of main equipment at its new mill in Ust-Ilimsk, Russia

The new facility with a total installed cost exceeding $1 billion will create 850 new jobs.

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Stora Enso inaugurates its renewed containerboard mill in Oulu, Finland

Stora Enso on May 20 arranged a virtual inauguration ceremony to celebrate the successful conversion of the Oulu Mill which was transformed from paper production into high-quality kraftliner production. The Prime Minister of Finland, Sanna Marin, inaugurated the mill. Oulu is Stora Enso's second successful conversion, following Varkaus Mill, inaugurated in 2016.

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Kruger Products announces closing of financings for Sherbrooke expansion project

The financings, totaling $240 million, include the previously announced $165 million in investments.

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Smurfit Kappa announces significant €20 million investment in Czech Republic and Slovakia

Smurfit Kappa is substantially expanding its converting capacity at four manufacturing plants across the Czech Republic and Slovakia with a significant €20 million investment. The investment further highlights Smurfit Kappa's commitment to its customers and operations in Eastern Europe.

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Kruger Packaging investing $114 million in new Elizabethtown, Kentucky site, will create 150 jobs

Kruger Packaging announced a $114.2 million investment to establish a state-of-the-art packaging manufacturing operation in Hardin County, a project that will create at least 150 quality jobs in the coming years.

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Displaying Articles 1 - 25 of 131
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