# 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.

- Type: Investment
- Announced: 2019-08-08
- Where: Ohio or Michigan, United States
- Value: $600.0M
- Status: announced
- Capacity: approximately 500,000 tons per year
- Products: coated recycled board
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Graphic Packaging](https://endata.com/companies/1387.md)
- [Graphic Packaging](https://endata.com/companies/1387.md) (investor)

## Sources

- [investors.graphicpkg.com](https://investors.graphicpkg.com/news-events/press-releases/detail/95/graphic-packaging-holding-company-announces-approval-to-invest-600-million-in-a-new-coated-recycled-board-machine-in-the-midwest), 2019-08-08: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/graphic-packaging-holding-company-announces-approval-to-invest-600-million-in-a-new-coated-recycled-board-machine-in-the-midwest-300898649.html), 2019-08-08: "Graphic Packaging's Board of Directors has approved a $600 million highly strategic investment into its coated recycled board (CRB) platform"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.