Mercer International has reached restructuring support agreements to cut debt via a prepackaged Chapter 11 filing, exchanging about USD 1.1 billion of senior notes for equity and securing USD 400 million in new capital. The plan is expected to be completed by end-2026.
Airmo Inc. Pressure Technologies has installed a MAZAK VC-Ez 26 CNC mill at its Minneapolis facility to expand in-house manufacturing capabilities, reduce reliance on outside suppliers, and shorten lead times.
Cube Packaging Solutions is investing $30 million to expand U.S. manufacturing capacity at its St. Charles, Illinois facility. The investment was announced on October 13, 2026.
O-I Glass is modernizing its Muskogee, Oklahoma production facility with a multi-million dollar, multi-phase capital investment covering glass-melting furnaces, production equipment and control systems, supported by a $2 million state incentive award.
Sonoco is upgrading the wastewater treatment system at its large metal packaging plant in Milwaukee, adding biogas capture and combustion, with operation expected at the end of Q3; no amount was disclosed.
Rural Development Partners allocated $20 million in New Markets Tax Credit financing to start-up PackEx USA to redevelop a 256,000 sq ft former bottling plant in Marianna, Florida. Phase 1 will support two production lines and about 300 jobs.
Virginia Artesian Bottling has installed a Polypack WR-I wraparound case packer at its Hanover, Virginia plant to handle multiple bottle formats and shift private-label packaging from shrink wrap to recycled corrugated cases.
Orange Co announced a significant capital investment in RWN Pump & Fabrication to modernize facilities, add automation and expand production lines. The amount was not disclosed.
Bidell Gas Compression invested $1.8 million to install a state-of-the-art paint and sandblast booth at its Weirton, West Virginia facility.
Novelis, a subsidiary of Hindalco, said in its quarterly earnings release that its $4.1 billion greenfield rolling and recycling plant in Bay Minette, Alabama is progressing, with equipment being installed and operations expected in the second half of calendar 2026.
Hood Container will invest $118.9 million to modernize its paper mill in West Feliciana Parish, Louisiana, upgrading the primary paper machine to add 80,000 tons per year capacity and improving the recovery boiler. The first phase is due in Q3 2026.
Modine announced a $100 million investment over 12-18 months to expand Airedale data center cooling manufacturing at four US sites, including a new facility in the Dallas, Texas area and an expansion in Grenada, Mississippi, with possible repurposing of Performance Technologies sites in Franklin, Wisconsin and Jefferson City, Missouri.
Green Bay Packaging will invest $1 billion to expand its kraft linerboard mill in Morrilton, Arkansas, replacing recovery and biomass boiler components, adding an electric turbine generator and buying about 300 acres of land.
Balcan Innovations announced a $200 million capex plan to add co-extrusion, printing and bag-making machinery at its Pleasant Prairie, Wisconsin plant, which will raise film capacity by more than 700%. Installation is planned for 2025 through 2027.
ArcelorMittal has made a $1.2 billion investment to build an advanced non-grain-oriented electrical steel manufacturing facility in Alabama. The plant will produce up to 150,000 metric tons of NOES annually.
Empire State Development is partnering with ITT Inc. on up to $85 million in capital expenditure from 2025 to 2029 at its Seneca Falls, Onondaga and Erie County sites, creating up to 75 jobs. ESD is providing up to $3.25 million through the Excelsior Jobs Tax Credit.
Mitsubishi Electric is investing $143 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production expected from October 2027 and an estimated capacity of 1,000,000 compressors per year. The US Department of Energy awarded $50 million to MELCO HVAC US for the project.
Green Bay Packaging will make a multi-year investment to modernize its Arkansas Kraft paper mill in Morrilton, replacing the recovery and biomass boilers and installing an electric turbine generator. The project also includes buying about 300 acres of land for future expansion.
Emerson announced plans to repurchase approximately $2.0 billion of its common stock in fiscal year 2025, with about $1.0 billion expected in fiscal Q1.
APackaging Group, a beauty and cosmetics packaging maker, invested $49 million to open a new manufacturing facility in Defiance, Ohio, providing bottle blow molding, custom molding and dispenser and cap production.
Packaging Corporation of America reported $468.4 million in capital spending through Q3 2024, including at least 60 projects at box plants such as new corrugators and new converting lines.
Norway-based packaging maker Elopak will invest an additional $25 million in its Port of Little Rock facility to expand production capacity, bringing the project total to $95 million. The first production line is already sold out.
Graham Corporation is investing $4.1 million in its new Batavia, New York facility, which is partly funded by a $13.5 million contribution from a customer. The investment was announced on 22 August 2024.
Sullivan Palatek, a North American air compressor maker, took delivery of a PTG Holroyd TG350E CNC helical rotor grinding machine, doubling its rotary screw compressor rotor capacity at its Michigan City, Indiana facility, which it plans to expand by 50%.
Delmarva Corrugated Packaging announced a 2-megawatt photovoltaic rooftop system at its Dover, Delaware plant, expected to supply about one-third of the facility's power.
Acme Corrugated Box Company announced it will add a second Isowa Falcon to its production capacity for 2025, following its first Falcon added in mid-2023.
Schaeffler plans a greenfield plant in Dover, Ohio, making electric beam axles and electric drivetrain systems, with $230 million for the facility and other Ohio projects through 2032 and 450 jobs. Completion is expected in Q3 2025.
The US Department of Energy will provide Mitsubishi Electric US $50 million to establish a heat pump compressor factory in Kentucky. The funding is part of a $169 million package for heat pump manufacturing projects.
CORE Industrial Partners has announced a new investment in Century Box, a Methuen, Massachusetts-based maker of folding cartons for store-brand food and consumer products.
Vitro plans to invest an additional $180 million to upgrade one of its furnaces at its Meadville, Pennsylvania plant and adapt other facilities to support First Solar's growing manufacturing capacity.
Eaton is investing $22 million in equipment at its Waukesha, Wisconsin facility to increase manufacturing capacity for three-phase transformers for utility, data center and commercial applications.
Pratt Industries pledged a further $500 million over 10 years in Pennsylvania for recycling, remanufacturing and clean energy infrastructure, creating hundreds of new jobs, as announced with Governor Josh Shapiro.
National Vacuum Equipment announced further investment in new automated machinery at its Traverse City, Michigan factory to increase manufacturing capacity for industrial vacuum equipment.
Pratt Industries committed to invest $500 million in Pennsylvania over the next ten years in recycling, remanufacturing and clean energy infrastructure, creating hundreds of jobs, announced with Governor Shapiro.
TCCI, an automotive compressor maker in Decatur, Illinois, plans to invest some $20 million to shift EV compressor production to its home base, supported by a state REV Illinois Act incentive package and $21.3 million in Rebuild Illinois grants for an EV cluster.
Pratt Industries is building a new $120 million production facility in Peach County, Georgia, expected to be operational in late 2024 and producing corrugated boxes and containerboard.
TC Transcontinental Packaging announced a US$60 million investment in a new biaxially oriented polyethylene film line and a 120,000 sq. ft building expansion at its Spartanburg, South Carolina facility, with completion expected in fiscal 2024. Brückner was selected to supply the equipment.
Crown Beverage Packaging plans to build a solar array on a six-acre site north of its Mankato aluminum can plant, with construction planned for 2024. The project supports Crown Holdings' goal of 75% renewable electricity by 2030 and 100% by 2040.
Iowa approved a $318,000 award for Puck Customer Enterprises to invest in new equipment at its Manning facility, a $6 million capital investment expected to create 40 jobs by December 2025.
Iowa approved a $310,000 award for Mobile Track Solutions to improve its Elkader facility, with a capital investment of $11.45 million and 30 new jobs, scheduled for completion in Q1 2025.
Iowa Economic Development Authority approved a $1.15 million award for Clow Valve Co. to modernize its Oskaloosa facility with new equipment and automation, a capital investment of over $68 million due by December 2024.
US private equity firm Shore Capital Partners announced a partnership to invest in Container Services (CSI), a Hillsboro, Kansas maker of PET and HDPE blow-moulded plastic containers, to fund growth and acquisitions. The announcement was made on February 14, 2023.
Axium Packaging has acquired 83 acres in New Albany, Ohio to secure space for future expansions, adding to the $400 million it has invested in local facilities.
Michigan Automotive Compressor Inc. plans to spend $82 million to retain 241 jobs by installing production lines for electric vehicle parts at its Parma-area factory west of Jackson, Michigan. Production of the new parts is expected to begin in December 2024.
Riverstone Credit Partners provided Katy, Texas-based sustainable packaging provider Hoover CS a $160 million senior term loan. The financing gives Hoover CS additional liquidity to execute its growth strategy.
Bosch Rexroth intends to invest in its mobile hydraulics site in Fountain Inn, South Carolina, to develop electrification of mobile machinery and related software. No investment amount was disclosed.
Corrugated packaging converter Carlisle Container Company is acquiring an EFI Nozomi 14000 LED single-pass inkjet corrugated press from Electronics For Imaging, to be installed in a facility adjacent to its main plant opening in early 2023 near Carlisle, Pennsylvania.
Audax Private Equity completed a strategic growth investment in Flow Control Holdings, a Chicago-based supplier of sanitary and high-purity flow components for food, beverage and pharmaceutical producers. Financial terms were not disclosed.
Baker Hughes announced an investment in San Francisco-based GreenFire Energy, leading its Series A financing, and will take a board seat while the companies collaborate on retrofitting wells for geothermal power.
Spanish paper and packaging group SAICA plans to invest $800 million over the next five years to expand in the US market, via acquisition or new plant construction, while building a corrugated paper plant in Hamilton, Ohio due to open in early 2022.