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Packaging Corporation of America started operations at its new 550,000-square-foot corrugated box plant in Newark, Licking County, Ohio, a month ahead of schedule. The $275 million investment is the company's largest box plant to date.
Packaging Corporation of America will permanently shut down the W2 paper machine and kraft pulp lines at its Wallula, Washington containerboard plant, cutting about 200 jobs and reducing annual capacity by about 250,000 tonnes. Measures are to be completed by the end of Q1 2026, with pre-tax charges of about USD 205 million.
Packaging Corporation of America completed its $1.8 billion cash acquisition of Greif's containerboard business, with the transaction closing on Sunday. Greif will use the proceeds to pay down about $1.4 billion of debt.
Packaging Corporation of America agreed to buy Greif's containerboard business for $1.8 billion in cash, including two mills in Ohio and Virginia with about 800,000 tons of annual capacity. The deal is expected to close by the end of PCA's third quarter.
Packaging Corporation of America plans to invest $229 million in a new facility on a 78-acre site on Thornwood Drive in Newark, replacing its South 21st Street sheet plant. The company will keep all 131 employees under an enterprise zone abatement agreement.
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.
Packaging Corporation of America is replacing its existing corrugated products plant in Phoenix with a new greenfield facility expected to be operational in spring 2025. The new plant will more than double the site's capacity to over 2 billion square feet of production per year.
Bruks Siwertell secured a contract from Packaging Corporation of America to supply a receiving hopper, screw conveyors and belt conveyor handling old corrugated cardboard rejects for boilers at PCA's Jackson, Alabama mill, with delivery scheduled for February 2022.
Bruks Siwertell secured a contract from Packaging Corporation of America to supply a receiving hopper, screw conveyors and an idler belt conveyor for handling OCC rejects at PCA's Jackson, Alabama containerboard mill. Delivery and installation are scheduled for February 2022.
Packaging Corporation of America agreed on October 22, 2021 to acquire substantially all assets of Advance Packaging Corporation, including a 500,000 sq ft corrugated products facility in Grand Rapids, Michigan, for $189 million in cash.
Packaging Corporation of America may spend up to $170 million to move its Newark plant from South 21st Street to a new, larger facility on Thornwood Drive, subject to city and county approval. The proposal was reported on August 5, 2020.
Packaging Corporation of America has built a $26 million corrugated cardboard box plant on a 42-acre Richland site bought from the city for $1.7 million. The plant opened with an estimated 65 workers, with the workforce expected to grow to 100-150.
Packaging Corporation of America is constructing a $26 million cardboard box manufacturing plant in the Horn Rapids Industrial Park in Richland, expected to open in mid-November 2019 with 100 jobs.
Packaging Corporation of America agreed to purchase Greif's containerboard business for $1.8 billion in cash, including two US mills with about 800,000 tons of capacity and eight corrugated plants, with closing expected by the end of PCA's third quarter.
Packaging Corporation of America is set to buy a 42-acre city-owned site in the Horn Rapids Industrial Park in Richland for an estimated $1.9 million and plans a 400,000 to 450,000 sq ft manufacturing facility creating about 150 jobs, with opening expected in early 2020.
Packaging Corporation of America renewed leases on 82,356 sq ft at 4510 Steelway Blvd and 40,066 sq ft at 4530 Steelway Blvd in Clay, New York, used for warehousing and distribution. Lease terms were not disclosed.
Packaging Corporation of America plans a $150 million investment replacing a paper machine at its Boise Paper mill in Wallula, Washington, nearly doubling output to 400,000 tons per year of linerboard.
Packaging Corporation of America will convert its No. 3 paper machine at the Wallula, Washington mill into a 400,000 ton-per-year virgin kraft linerboard machine, starting in the second quarter of 2018.
Packaging Corporation of America agreed to acquire substantially all assets of Sacramento Container Corporation and related sheet operations in California for a cash price of $265 million. Closing is expected in early Q4 2017.
Packaging Corporation of America completed its cash-free, debt-free acquisition of Columbus Container, Inc., an independent corrugated products producer, for $100 million funded from cash on hand.
