Major Expenditures

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

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.

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.

Ahlstrom-Munksjö will invest EUR 58 million in a new glass fiber tissue production line in the U.S. to support the flooring industry in North America. The investment will further strengthen the company's position as a leading global supplier of high performance materials. The new line will produce a full range of glass fiber tissue nonwovens with a main focus on Luxury Vinyl Tiles and Vinyl sheet materials. Customer deliveries from the new line are expected to start in mid-2023.

Interfor is announcing a $35-million improvement project in its Castlegar facility, according to vice-president of western operations Andrew Horahan.

West Fraser plans to invest roughly US$150 million at five of its U.S. South lumber mills under its strategic capital program. Already, it's increasing the number of working shifts at mills where possible, the company said.

DS Smith, bolstering its commitment to accelerate its work in the circular economy, announced today a $140 million investment in research and development, including developing new materials to replace plastics and a testing program to strengthen corrugated cardboard and reduce G-force shock in home delivery packaging.

Governor Brian P. Kemp announced that Interfor, a forest products company and the largest lumber producer in the state, will invest $30 million in expanding their sawmill operations in Perry.

The unit will be built in the municipality of Ribas do Rio Pardo, in Mato Grosso do Sul state, and should start production by the end of the first quarter of 2024. The project estimates industrial investments of R$14.7 billion, making it one of the largest private-sector investments currently under development in Brazil.

Gov. John Bel Edwards and Weyerhaeuser announced the company plans to make a two-phased capital investment in its Holden facility. The project would result in approximately $157 million invested over several years to upgrade equipment and modernize the sawmill. Phase one includes nearly $19 million to upgrade lumber kiln-drying capacity, while the second phase will include a major investment of approximately $138 million to completely modernize the facility.

Global manufacturer USG Corporation will open a 90,000-square foot facility in the Montbello neighborhood.

Smurfit Kappa has announced a significant investment in its Hoya paper mill and board manufacturing plant in northwest Germany. It is the latest phase of an investment programme, which commenced in 2011, and this last phase will see production output increase by 70 kt to 450 kt per annum.

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, announced the Company has completed fundamental constructions on its new tissue paper production line (the "PM10") and is working on the installation of affiliated equipment.

The company, a U.S. subsidiary of China-based Nine Dragons Paper Holdings Ltd., said the new operation will produce 200 metric tons of unbleached pulp daily and support 20 new jobs in Maine when it is at full operation.

North Pacific Paper Company (NORPAC) is excited to announce the arrival of a new state-of-the-art drum pulper that will help the company expand its production of lightweight recycled packaging papers and safeguard more than 400 mill jobs and support other indirect jobs in Cowlitz County.

With an investment sum of Euro 16.7 million DS Smith is expanding and modernizing its traditional site in Arnstadt, Thuringia, Germany. The recent symbolic ground-breaking ceremony marks the start of construction work to renovate and expand the plant, which will take place while production continues and will span the next 12 months.

DS Smith has announced a £100 million of combined investment in two new packaging sites in Italy and Poland in response to increased customer demand.

After breaking ground two and a half years ago, Green Bay Packaging produced the first reel of paper at its new paper mill.

Metsä Fibre is building the world's most modern sawmill in Rauma, Finland. The construction work began in May 2020, and the sawmill's foundation stone was laid on Thursday 25 March 2021. Due to the coronavirus situation, the foundation stone was laid by Harri Haapaniemi, Project Director, and Liisa-Maija Perävainio, Sawmill Director, without external participants.

Pratt Industries is America's fifth-largest corrugated packaging company and the world's largest, privately-held 100% recycled paper and packaging company. The new facility, called the Intermodal Logistics Center, is part of a 502,428 square foot, $32.9M investment being constructed by Taylor & Mathis.

West Fraser Timber Co. Ltd. says it has begun producing and shipping building panels from the Chambord, Que., oriented strand board (OSB) mill it inherited with its recent $4-billion all-stock takeover of rival Norbord Inc.

Smurfit Kappa has announced a further investment of over €25 million at its Pruszkow 'mega-plant' located in central Poland. This investment forms part of the accelerated capital investment programme following the company's €660 million equity capital raise which took place in November 2020.

North Pacific Paper Company is pushing further into the recycled paper market, adding a new drum pulper that will support an existing 400 mill jobs and produce recycled packaging papers from waste material previously sent to China.

Together, these investments and financial contributions total $961.1M and will lead to the creation and retention of 376 jobs in the Sherbrooke region, as well as protect 267 jobs related to the Kruger Wayagamack plant in Trois-Rivières, Québec.

Hong Kong-headquartered Nine Dragons Paper announced it will invest US 1.3 billion to open two manufacturing facilities in Malaysia.