Major Expenditures

Due to current market conditions, the start of the project has been postponed to 2024.

Visy Industries unveiled a major AU$42.5 million upgrade to its paper recycling and remanufacturing campus in Coolaroo, Australia.

The Board of Directors of Nordic Paper has decided to invest approximately SEK 850 m at the Bäckhammar mill.

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 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 investment will be financed by bank loans and equity and is expected to be completed during the first half of 2025.

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.

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.

Construction is expected to begin in the next 18 months, once the sale closes.

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.

Georgia-Pacific recently invested $120 million into Pineland Lumber in Pineland, Texas, making it the largest sawmill in the South.

The country's location enables Smurfit Kappa to serve not only the local market but wider regions in Africa.

At capacity, the 1.1 million square foot plant - one of the largest and most modern of the company's 71 factories spread across 25 US states - will provide 375 full-time, high-paying, green-collar manufacturing jobs. That brings Pratt's total workforce to 11,500.

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.

Mondi is investing over €16 million at its Krapkowice plant in Poland to increase production of its MailerBAG range.

The Italian paper company Sofidel on Monday announced a $185 million expansion of its facility just south of Circleville that could add 100 jobs.

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.

DS Smith Cartogal packaging plant located in the town of A Pobra do Caramiñal, in Galicia, Spain, will soon see an increase in size, production and storage capacity after a milestone investment of Euro 11.35 million.

Smurfit Kappa has operated in Mexico since 1957 and has had a presence in the northern Baja California region for over 10 years.

Georgia-Pacific is embarking on a $18 million upgrade that will modernize the Camden Plywood plant and help increase efficiency.

The mill's annual production capacity is approximately 160,000 cubic metres, which represents a 50 per cent increase in the company's total Kerto LVL capacity.

The plant's construction commenced in January 2023.

A news release says the project, located at the company's existing 50-year-old Hawesville mill, will upgrade the current pulper with a modern pulper to gain additional machine capabilities and better service growing markets. Officials say leaders at Domtar plan to have the expansion fully operational by the end of 2025.

Ortviken's new factory facility was inaugurated on 16 May 2023 with a ceremonial speech by Berit Högman, Governor of Västernorrland County, and a "ribbon cutting" by timber sports profile Ferry Svan. This means that the journey towards the production of 300,000 tonnes of climate-smart CTMP pulp has formally begun.

Shortly after buying the facility in 2018, ND Paper announced it would invest $189 million in the Biron mill. The company pointed to growth in packaging and e-commerce, as well as consumer demand for more sustainable products, for the changes it has made.