Major Expenditures

MM Kotkamills is investing about Euro 30 million in two state-of-the-art cross cutters with automated core and waste handling. The investment is aimed at strengthening MM Kotkamills' position as a supplier of cartonboard sheets in the European cartonboard market.

Södra is launching a major initiative to develop family forestry. Södra will invest in innovative companies that introduce new technologies for forest estates and enable a more multifaceted approach to family forestry.

Smurfit Kappa Group PLC said it investing over EUR35 million in the construction of a new packaging plant in Morocco.

The construction phase of the project is expected to generate $34 million in revenue for the county and another $38 million for New Jersey, along with 140 temporary jobs.

Mondi, a global leader in sustainable packaging and paper, continues to make progress on its previously announced €125 million investment to expand and upgrade its Kuopio mill in Finland with expected start-up by the fourth quarter of 2023.

Finland-based Huhtamaki North America says it will invest $100 million to expand its facility in Hammond. The packaging manufacturer says the 250,000-square-foot addition will result in about 100 new jobs when its operational in 2023.

Soon after the company was sold to a new owner, Appvion announced the purchase of new equipment.

Canfor Corporation will invest approximately $130 million to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility's cost structure.

The multi-million-dollar investment will strengthen Amcor's leadership in the growing industry for sterile packaging, offering customers in Europe and North America another site with comprehensive healthcare solutions.

The renovations are expected to take three years. In addition to improving safety and efficiency, a new production line will be installed.

Initially announced in January 2020, Ahlstrom-Munksjö has completed its investment and started production for additional capacity in both filtration and energy storage materials at its plant in Turin, Italy. By successfully expanding manufacturing facilities, Ahlstrom-Munksjö is making a strong commitment to customers in both the High-Performance Filtration and Energy Storage markets.

Enviva Inc., the world's leading producer of sustainable wood bioenergy, announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company's growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.

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.