Major Expenditures

Pratt Industries, a private company owned by an Australian billionaire, announced Thursday that it would build the plant in Warner Robins, with plans to begin turning out boxes by late 2024.

The corrugated packaging company will invest $500 million in Pennsylvania to create hundreds of jobs across the Commonwealth over the next ten years.

Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood's new Kerto LVL mill in Äänekoski, Finland. SRV will be the main contractor for the project, which will be carried out as a cooperative project management contract. Preparations for construction will begin immediately.

The Board of Directors of Nordic Paper has decided to invest approximately SEK 850 m at the Bäckhammar mill.

Visy Industries unveiled a major AU$42.5 million upgrade to its paper recycling and remanufacturing campus in Coolaroo, Australia.

Due to current market conditions, the start of the project has been postponed to 2024.

The investment will be financed by bank loans and equity and is expected to be completed during the first half of 2025.

The Cerrado Project will produce 2.55 million tons of pulp a year, increasing Suzano's market pulp installed production capacity to 13.5 million tons a year.

The Euro 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity in the East European market.

Construction is expected to begin in the next 18 months, once the sale closes.

Huhtamaki is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately $30 million, and the warehouse and manufacturing facility will be leased.

Mondi, a global leader in packaging and paper, is investing €16 million in new technology to produce a new packaging range called FunctionalBarrier Paper Ultimate. This ultra-high barrier paper-based solution for food meets growing customer demand for sustainable packaging that contributes to a circular economy.

The country's location enables Smurfit Kappa to serve not only the local market but wider regions in Africa.

Georgia-Pacific recently invested $120 million into Pineland Lumber in Pineland, Texas, making it the largest sawmill in the South.

Enviva Inc., the world's leading producer of sustainably sourced woody biomass, breaks ground on its forthcoming Epes plant under construction in Sumter County, AL.

The Italian paper company Sofidel on Monday announced a $185 million expansion of its facility just south of Circleville that could add 100 jobs.

Mondi is investing over €16 million at its Krapkowice plant in Poland to increase production of its MailerBAG range.

Roseburg Forest Products has received a substantial funding of $3 million to install robotic equipment at its medium-density fibreboard (MDF) plant, providing a significant boost to Canada's forest sector.

At capacity, the 1.1 million square foot plant - one of the largest and most modern of the company's 71 factories spread across 25 US states - will provide 375 full-time, high-paying, green-collar manufacturing jobs. That brings Pratt's total workforce to 11,500.

The plant's construction commenced in January 2023.

The mill's annual production capacity is approximately 160,000 cubic metres, which represents a 50 per cent increase in the company's total Kerto LVL capacity.

Georgia-Pacific is embarking on a $18 million upgrade that will modernize the Camden Plywood plant and help increase efficiency.

Smurfit Kappa has operated in Mexico since 1957 and has had a presence in the northern Baja California region for over 10 years.

DS Smith Cartogal packaging plant located in the town of A Pobra do Caramiñal, in Galicia, Spain, will soon see an increase in size, production and storage capacity after a milestone investment of Euro 11.35 million.

Visy has unveiled a major $48 million upgrade to its recycling and remanufacturing facility on Gibson Island in Brisbane.