۲ کیلو کاغذ مرکز تامین‌کنندگان صنایع سلولزی

آرشیو برچسب های: Tennessee

Georgia-Pacific concludes 2023 with approximately $2 billion in capital improvements

Georgia-Pacific reinvested approximately $2 billion back into its business and operations in 2023. These capital improvement projects include launching and completing new facilities and enhancing existing operations. Each investment helps Georgia-Pacific better serve customers, and increase productivity and efficiency, while also creating greater economic opportunities for each facility’s local economy.

Georgia-Pacific made several investments large and small across its businesses. The projects listed below are large initiatives valued at approximately $100 million and up.

Georgia-Pacific has reinvested approximately $2 billion in capital improvement projects in 2023.

 

Green Bay, Wisconsin – $550 million

In November, the team at Georgia-Pacific’s Broadway facility in Green Bay, Wisconsin, signed and raised the last major structural beam for the $550 million Brawny® project. Construction began in July 2022 and is expected to be completed in 2024. At the center of the investment is a new paper machine using through-air-dried (TAD) technology, which will improve the quality of products manufactured at the site by making them softer and more absorbent. The new TAD machine will produce thousands of tons of paper that will be converted into millions of cases of Brawny® paper towels and other premium private-label brands.

 

خواندن ادامه مطلب

International Paper completes sale of ownership interest in Ilim joint venture

International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash.

In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM (USD) in cash and is divesting other non-material residual interests associated with Ilim.

With the completion of these transactions, International Paper has divested all of its ownership interests in Ilim.

International Paper is a global producer of planet-friendly packaging, pulp and other fiber-based products, and one of North America’s largest recyclers. Headquartered in Memphis, Tenn., International Paper employs approximately 39,000 colleagues globally who are committed to creating what’s next.

خواندن ادامه مطلب

Sonoco completes acquisition of RTS Packaging

Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee. The acquisition will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock.

With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America. The purchase price for this acquisition was $۳۳۰ million, subject to customary price adjustments. The Company funded the acquisition with borrowings under its existing credit facilities and cash on hand. After the transaction, the Company’s net debt to adjusted EBITDA ratio is less than 2.9x. The acquisition is expected to be immediately accretive to earnings per share, excluding the impact of purchase accounting adjustments.

Founded in 1899, Sonoco is a global provider of packaging products.

خواندن ادامه مطلب

Hood Container acquires Sustainable Printing LLC

Hood Container Corporation has acquired the corrugated packaging business of Dalton, Georgia based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton. Hood will continue operating these assets in the current facility.

These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the Georgia and Tennessee region. This acquisition increases Hood Container’s digital print production footprint and will allow the company to continue expanding its corrugated converting capabilities.

خواندن ادامه مطلب

Sylvamo Names Tatiana Kalman as Senior Vice President and General Manager, Latin America

Sylvamo is announcing a senior leadership change for its Latin America division.

خواندن ادامه مطلب