Major Expenditures

The Verso Corp. plans to invest $120 million in three pulp and paper mills, including significant upgrades to its Androscoggin Mill in Jay.

The Company is planning to make the investment in either Ohio or Michigan, subject to a number of conditions, including environmental permitting and negotiations currently underway relative to government incentives and labor relations.

Phoenix Paper, which runs a paper mill in west Kentucky, is expanding with a new facility that represents a $200 million investment.

UPM has today made the investment decision to construct a 2,1 million tonne greenfield eucalyptus pulp mill near Paso de los Toros in central Uruguay.

As part of a $57.5-million plan, Domtar will implement new equipment and processes to commercialize its 'Stealth Fibre Technology,' which will produce stronger paper and allow for the production of innovative products that could replace single-use plastics when it comes to things like medical packaging and food wrap.

Crossroads Paper has plans to construct a recycled-paper mill in Utah, expected to open in early 2022, the company announced in Salt Lake City.

More than 400 contractors, as well as newly-hired ND Paper employees, are working hard, testing and retesting equipment and machines to ensure the mill can safely be reopened.

Stora Enso's investment in a new production unit for cross laminated timber (CLT) at Gruvön sawmill in Sweden was inaugurated by CEO Karl-Henrik Sundström, Joakim Sveder, Mill Director, Gruvön sawmill and Leif Haraldsson, Municipal Commissioner of Grums.

Construction has commenced and the project is slated for completion in the first half of 2020.