Major Expenditures

Mondi, a global leader in sustainable packaging and paper, continues to make progress on its previously announced €125 million investment to expand and upgrade its Kuopio mill in Finland with expected start-up by the fourth quarter of 2023.

The renovations are expected to take three years. In addition to improving safety and efficiency, a new production line will be installed.

The multi-million-dollar investment will strengthen Amcor's leadership in the growing industry for sterile packaging, offering customers in Europe and North America another site with comprehensive healthcare solutions.

Canfor Corporation will invest approximately $130 million to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility's cost structure.

Weyerhaeuser has broken ground on its new 7,860-square-foot building that will serve as its regional timberlands office.

Enviva Inc., the world's leading producer of sustainable wood bioenergy, announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company's growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.

Initially announced in January 2020, Ahlstrom-Munksjö has completed its investment and started production for additional capacity in both filtration and energy storage materials at its plant in Turin, Italy. By successfully expanding manufacturing facilities, Ahlstrom-Munksjö is making a strong commitment to customers in both the High-Performance Filtration and Energy Storage markets.

The facility will be part of APRIL's operations in Riau province and have the capacity to produce 1.2 million tonnes of folding box board annually that is fully recyclable and biodegradable.

Mondi is investing Euro 280 million in Corrugated Packaging operations across four countries. This includes around Euro 185 million across its central and eastern European Corrugated Solutions plant network and Euro 95 million at Mondi Świecie's containerboard mill in Poland. These investments together represent an important part of Mondi's announced Euro 1 billion in expansionary capital investment projects this year to accelerate growth in sustainable packaging.

Stora Enso is investing in the carbon neutrality of its Skutskär Mill in Sweden. This Euro 40 million investment takes the next important step towards a climate positive contribution by reducing power consumption and water utilization as well as enabling lowering the use of bleaching chemicals. The mill is already very close to being carbon neutral as it has achieved 99% fossil-free production.

WestRock Company, a global manufacturer of differentiated paper and packaging solutions, broke ground on a 285,000 square foot expansion at its consumer packaging facility in Claremont. The $47 million investment was bolstered by a performance-based grant from the One North Carolina Fund and is expected to create 50 new jobs by the end of next year.

Kimberly-Clark Nigeria, a subsidiary of US-based multinational personal care corporation Kimberly-Clark, has opened a new $100m (N41.51bn) state-of-the-art diaper manufacturing facility in Ikorodu. The new site has the capacity to create more than 1,000 direct and 5,000 indirect jobs.

International Paper (IP), one of the world's leading producers of renewable fiber-based packaging and absorbent pulp solutions, is announcing another investment program worth 100 million MAD (10 million EUR) at its production facilities in Morocco for 2022. The investment comes in response to the continued increase in demand for corrugated packaging solutions.

Neenah, Inc., a leading global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, and imaging & packaging, announced a 25 million euro investment in new meltblown capacity in our German filtration facility.

In just four months, Tetra Pak has co-invested over Euro 11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia.

SCA says it will invest SEK 90 million ($9.7 million) in the pulp mill in Östrand, Sweden. The investment will lead to cost savings but also increase the mill's production capacity. The investment will also improve the local environment by reducing the risk of odor disturbances.

Georgia-Pacific has completed a $7 million upgrade at Diboll Lumber Mill in Texas that will modernize the mill and help increase its overall production. The capital project focused on the mill's boiler reliability and maintenance and the rebuild of two drying kilns.

Stora Enso invests EUR 9 million in an automated CLT (cross-laminated timber) coating line at the Ybbs sawmill in Austria. The investment will further strengthen Stora Enso's position as a leading global provider of engineered wood products for low carbon, sustainable buildings.

The Pratt facility is expected to produce 247,000 tons of containerboard in its first year of operation, with a gradual increase to 543,000 tons by the 10th year, staying at that production level until the bonds expire.

Brazilian pulpmaker Klabin SA announced on Tuesday a 180 million reais ($34.25 million) investment in its corrugated box plant expansion in the northern state of Ceara.

The new fiber glass tissue production line will make luxury vinyl tiles and sheet materials, and are slated to be fully completed by summer 2023.

Stora Enso is investing EUR 8 million to double its production capacity of formed fiber in Europe. With new machinery in Hylte, Sweden, Stora Enso will meet the increasing demand for formed fiber. The investment further strengthens Stora Enso's position as a leading provider of renewable materials that replace fossil-based ones.

Stora Enso will invest EUR 40 million in new technology and restructuring of its fluff pulp production site in Skutskär, Sweden. The objective is to increase cost efficiencies and further improve the site's climate footprint, thereby aligning with Stora Enso's goal to provide regenerative solutions.

Smurfit Kappa, one of the leading providers of paper-based packaging solutions in the world, has announced an investment of over USD33 million in Brazil to expand the capacity of its plant in Fortaleza to meet the growing demand for innovative and sustainable packaging.

Governor Ralph Northam announced that Kamine Development Corporation and Nicollet Industries, LLC, green infrastructure and sustainable development leaders, will invest $267 million to establish a joint venture paperboard recycling and production facility, Celadon Development Corporation, at the Chesapeake Deepwater Terminal site in the City of Chesapeake. Virginia successfully competed with South Carolina for the project, which will create 210 new jobs.