Major Expenditures

Metsä Group marked the inauguration of the bioproduct mill in Kemi on Wednesday, 23 October 2024. The mill was inaugurated by President of Finland Alexander Stubb, chair of Metsäliitto Cooperative's Board of Directors Jussi Linnaranta, and President and CEO of Metsä Group Ilkka Hämälä.

Canadian owned and operated Atlantic Packaging Products, Ltd., located in Scarborough, Ontario, Canada, is pleased to announce the opening of its newest manufacturing plant in Hamilton, Ontario. This state of the art facility was developed in response to customer needs, allowing the company to enhance its ability to provide sustainable, high-quality packaging solutions while expanding capacity to support customer growth.

The first new Dixie® facility in more than 30 years, this state-of-the-art facility will meet growing consumer product demand.

As previously announced, upgrade increases Kraftliner production capacity by 55,000 tonnes per annum.

According to company leaders, the $550 million expansion will create over 100 new jobs. About 850 people worked at the Broadway facility before the expansion.

Georgia-Pacific said it will redevelop its namesake 51-story downtown tower into a mixed-use destination.

Stora Enso has started operations in its new head office, Katajanokan Laituri, in Helsinki, the largest mass timber building in Finland.

Port Hawkesbury Paper is pouring $400 million into the construction of a wind farm in Nova Scotia's Guysborough County that is targeted to supply 60 per cent of the paper mill's current power needs.

Up to 2,000 contractors are working to transform Shotton Mill in Flintshire into one of the UK's largest cardboard and tissue production facilities, which it is hoped will start operating next year.

The €17.6m ($19.7m) upgrade is part of a broader €33.9m investment plan aimed at enhancing production capacity, energy efficiency, and innovation in the Greek packaging market.

Menasha Packaging, a leading provider of innovative packaging solutions, announces a groundbreaking investment in its North American preprint capabilities. With a commitment of over $50 million, Menasha is poised to revolutionize the preprinted graphic packaging space.

Containerboard production at Norske Skog Golbey in France is expected to start during the first quarter of 2025, previously the second half of 2024.

Kruger Inc. announced a $32.4 million investment at its Kamloops Pulp Mill to implement innovative technology to diversify its product portfolio and expand into fast growing markets. In addition to improving Kruger Kamloops' competitiveness, performance, and environmental footprint, this initiative will contribute to securing 340 jobs at the Mill, as well as 1,000 indirect jobs in B.C.

The $250 million investment project in the Duluth mill will include approximately 600,000 square feet expansion. The redevelopment includes four building additions to expand manufacturing, packaging, warehousing and shipping.

APRIL, a member of the RGE group of companies, announced that it has invested more than Rp100 trillion (approximately US$6.4 billion) in transforming Pangkalan Kerinci from a small village in Pelalawan regency, Riau, into a thriving industrial complex.

Turkish industrial and retail group Eren Holding AS has secured a €775 million ($854 million) loan to finance a $1.3 billion container-board and tissue mill in Wales, in a boost to foreign direct investment in UK manufacturing.

Metsä Group's Kerto LVL mill project is progressing as planned in Äänekoski, Finland, and the mill has reached its rooftop height.

Pregis®, a leading global manufacturer of protective packaging, mailing and bagging, and flexible packaging solutions, has made significant investments in new production lines at its Bethel, Pennsylvania, and Reno, Nevada facilities to increase capacity for its Pregis EverTec™ Mailer portfolio, with a particular focus on the EverTec Non-Cushioned Mailer. This investment underscores the company's commitment to meeting the growing needs of ecommerce fulfillment and retail industries.

Sofidel is investing up to $250 million to grow the tissue paper mill.

MM Kotkamills has built a new Sheeting Centre with two state-of-the-art sheet cutters and related automation. This investment of more than Euro 30 million for the further processing of cartonboard will strengthen MM Kotkamills' position as a supplier of cartonboard sheets in the European market.

The Waldo modernization and expansion project is a $131 million strategic investment that is expected to increase the mill's annual capacity by 85 million board feet, improve recovery by 6%, and reduce cash processing costs by approximately 30%.

DS Smith has injected more than €50m ($54.2m) into its Portuguese facilities over the past three years, underscoring its commitment to sustainability and innovation.

Brazilian digital agriculture Software as a Service (SaaS) business BemAgro raises US$2.6 million (R$15 million) in latest funding round led by CNH, with Suzano Ventures and ATVOS joining as strategic investors.

The latest Progroup corrugated sheetfeeder plant in Petersberg has been in routine production since the beginning of August. The Landau-based family company is extending its leading market position with its ultra-modern production site close to Pirmasens which will also create a combined total of 60 new jobs and training positions.

First Quality Tissue is pleased to announce another major expansion initiative. The expansion includes a commitment to install two new state-of-the-art Thru-Air-Dried (TAD) paper machines with associated converting facilities at a new location to be announced in the near future. The company estimates the first paper machine to be operational in 2027; with the second machine coming online approximately eighteen months thereafter.