Atlanta-based Graphic Packaging Holding Co. has announced plans to make an approximately $1 billion investment in a new coated recycled paperboard (CRB) mill to be located in or near Waco, Texas.
Graphic Packaging says the mill “will support growing demand and extend [our] position as the lowest-cost, highest-quality paperboard producer in North America.” The firm says the investment will be funded internally with operating cash flow over the course of three years.