Graphic Packaging approves $600M coated recycled board machine in Ohio or Michigan

Graphic Packaging's board approved a $600 million investment in a new coated recycled board machine with about 500,000 tons annual capacity, to be built in Ohio or Michigan subject to permitting and incentives. The company expects $100 million incremental annualized EBITDA upon full ramp-up in 2022.

“The Company is planning to make the investment in either Ohio or Michigan, subject to a number of conditions, including environmental permitting and negotiations currently underway relative to government incentives and labor relations.”investors.graphicpkg.com

• 2 sources
• investors.graphicpkg.comGraphic Packaging Holding Company Announces Approval to Invest $600 Million in a New Coated Recycled Board Machine in the Midwest :: Graphic Packaging Holding Company (GPK)Aug 8, 2019
• prnewswire.comGraphic Packaging Holding Company Announces Approval to Invest $600 Million in a New Coated Recycled Board Machine in the MidwestAug 8, 2019

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