Major Expenditures

Weyerhaeuser has broken ground on its new 7,860-square-foot building that will serve as its regional timberlands office.

Kimberly-Clark Nigeria, a subsidiary of US-based multinational personal care corporation Kimberly-Clark, has opened a new $100m (N41.51bn) state-of-the-art diaper manufacturing facility in Ikorodu. The new site has the capacity to create more than 1,000 direct and 5,000 indirect jobs.

WestRock Company, a global manufacturer of differentiated paper and packaging solutions, broke ground on a 285,000 square foot expansion at its consumer packaging facility in Claremont. The $47 million investment was bolstered by a performance-based grant from the One North Carolina Fund and is expected to create 50 new jobs by the end of next year.

Stora Enso is investing in the carbon neutrality of its Skutskär Mill in Sweden. This Euro 40 million investment takes the next important step towards a climate positive contribution by reducing power consumption and water utilization as well as enabling lowering the use of bleaching chemicals. The mill is already very close to being carbon neutral as it has achieved 99% fossil-free production.

Mondi is investing Euro 280 million in Corrugated Packaging operations across four countries. This includes around Euro 185 million across its central and eastern European Corrugated Solutions plant network and Euro 95 million at Mondi Świecie's containerboard mill in Poland. These investments together represent an important part of Mondi's announced Euro 1 billion in expansionary capital investment projects this year to accelerate growth in sustainable packaging.

The facility will be part of APRIL's operations in Riau province and have the capacity to produce 1.2 million tonnes of folding box board annually that is fully recyclable and biodegradable.

International Paper (IP), one of the world's leading producers of renewable fiber-based packaging and absorbent pulp solutions, is announcing another investment program worth 100 million MAD (10 million EUR) at its production facilities in Morocco for 2022. The investment comes in response to the continued increase in demand for corrugated packaging solutions.

Georgia-Pacific has completed a $7 million upgrade at Diboll Lumber Mill in Texas that will modernize the mill and help increase its overall production. The capital project focused on the mill's boiler reliability and maintenance and the rebuild of two drying kilns.

SCA says it will invest SEK 90 million ($9.7 million) in the pulp mill in Östrand, Sweden. The investment will lead to cost savings but also increase the mill's production capacity. The investment will also improve the local environment by reducing the risk of odor disturbances.

In just four months, Tetra Pak has co-invested over Euro 11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia.

Neenah, Inc., a leading global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, and imaging & packaging, announced a 25 million euro investment in new meltblown capacity in our German filtration facility.

Stora Enso is investing EUR 8 million to double its production capacity of formed fiber in Europe. With new machinery in Hylte, Sweden, Stora Enso will meet the increasing demand for formed fiber. The investment further strengthens Stora Enso's position as a leading provider of renewable materials that replace fossil-based ones.

The new fiber glass tissue production line will make luxury vinyl tiles and sheet materials, and are slated to be fully completed by summer 2023.

Brazilian pulpmaker Klabin SA announced on Tuesday a 180 million reais ($34.25 million) investment in its corrugated box plant expansion in the northern state of Ceara.

The Pratt facility is expected to produce 247,000 tons of containerboard in its first year of operation, with a gradual increase to 543,000 tons by the 10th year, staying at that production level until the bonds expire.

Stora Enso invests EUR 9 million in an automated CLT (cross-laminated timber) coating line at the Ybbs sawmill in Austria. The investment will further strengthen Stora Enso's position as a leading global provider of engineered wood products for low carbon, sustainable buildings.

Smurfit Kappa, one of the leading providers of paper-based packaging solutions in the world, has announced an investment of over USD33 million in Brazil to expand the capacity of its plant in Fortaleza to meet the growing demand for innovative and sustainable packaging.

Stora Enso will invest EUR 40 million in new technology and restructuring of its fluff pulp production site in Skutskär, Sweden. The objective is to increase cost efficiencies and further improve the site's climate footprint, thereby aligning with Stora Enso's goal to provide regenerative solutions.

Governor Ralph Northam announced that Kamine Development Corporation and Nicollet Industries, LLC, green infrastructure and sustainable development leaders, will invest $267 million to establish a joint venture paperboard recycling and production facility, Celadon Development Corporation, at the Chesapeake Deepwater Terminal site in the City of Chesapeake. Virginia successfully competed with South Carolina for the project, which will create 210 new jobs.

LP Building Solutions (LP) will build a new LP SmartSide ExpertFinish prefinishing facility on 75 acres in the Town of Bath, New York. With a targeted opening date in the third quarter of 2023, the facility is projected to add more than 60 new jobs to the Steuben County community.

Stora Enso invests EUR 23 million for increasing flexibility and capacity at the Varkaus containerboard mill, resulting also in expanded capacity of using recycled fiber. Preparatory work on the investment will commence immediately. Investment will be completed in the end of 2022.

The investment is a further step in Holmen's strategy to grow the wood products business and contribute to the green transition. This will increase the production at Iggesund Sawmill by 20 per cent as well as adding construction timber on top of its joinery products range.

Brazilian pulpmaker Klabin SA announced on Wednesday it will invest 4.7 billion reais ($836.72 million) in 2022, of which 2.75 billion reais are expected to go to the development of its Puma 2 project.

The investment includes new production lines, new workspaces and 720 square meters of completely new production space.