Major Expenditures

Canfor Corporation will be investing approximately $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia, Canada. This low cost, high efficiency facility will have an annual production capacity of approximately 350 million board feet.

Governor Andy Beshear joined officials with Pratt Industries in Henderson to officially open the company's new $500M paper mill and box plant, which will create jobs across two facilities.

The 127,000 sq. ft. millwork facility is scheduled to be complete in the fourth quarter of 2023 and is expected to begin production shortly after the first of the year.

To meet the growing demand in the U.S., the Sofidel tissue paper group, well-known for its Regina, Nicky and customer brands, is further strengthening its production capacity with a $185 million investment in its integrated plant in Circleville, Ohio.

Robotic equipment cleans recovery boiler spouts without manual intervention.

Pratt Industries Inc. has pledged to create more than 200 new jobs while investing $32 million into a new Dayton-area facility.

The Lenzing Group has made significant technical improvements to its Purwakarta site (PT. South Pacific Viscose) in Indonesia. Lenzing has invested more than Euro 100 million since 2021 to convert existing production capacity to specialty viscose. With the imminent completion of the investment, Lenzing is in a better position to serve the strongly growing demand for specialty fibers.

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.