Major Expenditures

Government of British Columbia is injecting up to $8.6 million through the BC Manufacturing Jobs Fund (BCMJF) into eight capital projects. These projects aim to create and safeguard hundreds of jobs in the wood-product and fabricated-metal manufacturing sectors, fostering economic growth in local communities.

J.D. Irving's Grand Lake Timber in New Brunswick is celebrating the commission of a new biomass boiler which will significantly reduce fossil fuel consumption and contribute to a sustainable future. The project marks a step towards an eco-friendlier lumber drying process and will allow the mill to substantially reduce its carbon footprint.

In 2023, Georgia-Pacific, a major manufacturer of toilet paper and other paper-based products, reinvested some $2 billion into its operations. According to the company, the capital improvement projects include finishing new facilities and enhancing existing operations.

Elgin, IL facility brings new capacity for sheets, brown shippers, and graphic packaging under one roof to support the company's growth throughout the Midwest.

Elopak has announced plans to build its first U.S. production plant with the latest state-of-the-art technology for better and more efficient production. The plant will produce Pure-Pak® cartons for liquid dairy, juices, plant-based products and liquid eggs. The new production facility will be located in Little Rock, Arkansas and is expected to start production in H1, 2025.

VIDA AB, owned 70% by Canfor Corporation (TSX:CFP), announced that it will invest approximately 700 million SEK (CAD$85 million) at its Bruza Sawmill in Hjältevad, expanding production from 175 million board feet to 240 million board feet.

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.