Major Expenditures

Weyerhaeuser, one of the world's largest private owners of timberland including 1.39 million acres in Louisiana, announced it is investing $96.2 million to modernize and decarbonize its Winn Parish lumber mill. The upgraded technology is designed to increase overall safety, productivity and product reliability.

Investments to the Halsey mill will increase production capacity for high quality bath tissue, with initial production expected in 2025. By the end of this project, Georgia-Pacific will have invested over $200 million in paper machine and converting assets at Halsey since 2022.

The planned conversion of the Escanaba paper mill to produce cartonboard has stalled due to economic conditions, according to company officials.

The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately Euro 110 million) loan agreement with Swedish company Billerud, a world-leading paper and packaging materials supplier. The loan supports investments in the modernisation and upgrade of a bioproduct mill, including the replacement of a recovery boiler.

UPM invests nearly Euro 10 million in the modernization of the Korkeakoski sawmill. A new split saw supplied by USNR will start operating at the sawmill in 2025.

The mill will have an annual production capacity of about 160,000 cubic metres of Kerto LVL and is expected to start production in the second half of 2026.

Smurfit Kappa, a paper-based packaging company, has announced it will make a $68 million investment and create 200 new jobs in Anderson County.

The net investment amount for the conversion project at Norske Skog Golbey will increase from EUR 265 to 300 million.

Raute Corporation has signed a contract worth Euro 93 million with Metsä Wood, part of Metsä Group, for the technology delivery of a new Kerto LVL (Laminated Veneer Lumber) mill in Äänekoski, Finland. This order, being the biggest in Raute's history, company said in a statement.

The total investment of R$1.66 billion, announced during the disclosure of the 3Q23 results, is aligned with Suzano's strategic business avenues and underscores its commitment to constantly adapt its operations to evolving demand in Brazil and the global markets.

Massive investment in corrugated board-processing machinery is expected to ensure growth and quality.

Boise Cascade's Building Materials Distribution (BMD) division has completed the purchase of a new 120,000 sq. ft. warehouse and distribution facility in West Palm Beach, Florida.

Ilim Group presented to Chinese partners its new pulp and paperboard mill (the KLB Mill) in Ust-Ilimsk, Russia. The Mill's output will reach 600 thousand tons of kraftliner per year. Thereby, Ilim's aggregate exports to China will surge to 2.4 million tons per year.

According to reports, most of the money will go toward new machinery and equipment for the facility.

Up to 1 million boxes will be made each day at Visy's new corrugated cardboard box factory in Hemmant, Queensland.

The $17.7 million investment is expected to create 30 new jobs.

State-of-the-art facility will meet region's growing product demand.

As market demand for high-performance, sustainable building materials is increasing, Ahlstrom continues to grow its glass fiber tissue business and strengthen its manufacturing platform globally by completing a major investment at its plant in Madisonville, KY, U.S.

LP Building Solutions (LP) announces the opening of its new state-of-the-art LP SmartSide ExpertFinish prefinishing facility in Bath, New York. The 90,000-square-foot facility will bring more than 60 new jobs to the area over the next several years.

This investment will support ongoing plastic replacement with customers, increase capacity by over 20%, and significantly boost productivity.

Klabin held the inauguration ceremony of Puma II, a project that marked the expansion of the Puma Unit, in Ortigueira, Brazil. This is the largest investment in the Company's history and the largest private investment ever made in the State of Paraná.

DS Smith Zarnesti paper mill has inaugurated its new Waste Water Treatment Plant, which is an essential component of Euro 11 million worth investment plan, launched in 2021.

Metsä Tissue announces that it has chosen Goole, East Riding of Yorkshire as the site for its planned new state-of-the-art tissue paper mill in the UK. This landmark investment of several hundreds of millions of pounds will deliver the largest tissue mill in the UK and significantly reduce the quantity of tissue products that are currently imported into the UK and Ireland each year. The new mill will create 400+ jobs at the facility, as well as thousands more across the supply chain and the local economy.

Ahlstrom has successfully started the production of new, calendered, and embossed synthetic filter media for the first commercial orders from its Huyn-Poong plant in South Korea. The new materials offer extended filter lifetime and generate less flow restriction due to a higher available surface area. This makes these media a more sustainable alternative to competing materials.

International Paper celebrated the opening of its newest state-of-the-art corrugated packaging facility in Atglen, PA on Friday, September 15, 2023. The new $100 million facility is providing more than 100 manufacturing jobs to Atglen and the surrounding communities.