KapStone Paper and Packaging Corp., Northbrook, Ill., USA, as part of its periodic review with community constituents, this week shared a capital investment plan for the company’s North Carolina paper mill with the Economic Development Commission. 

The multi-year investment plan, which totals approximately $115 million, includes the recently completed $29 million upgrade to paper machine No. 3, as well as a range of anticipated capital projects that will maintain the mill's cost competitiveness and efficiencies over multiple years by modernizing the three existing paper machines. 

 

KapStone Paper and Packaging Corp. is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the U.S. The company is the parent company of KapStone Kraft Paper Corp, and KapStone Container Corp., which includes four paper mills and 22 converting plants, respectively, across the U.S. The business employs some 4,600 people.