Packaging Corporation of America (PKG) said its Board of Directors approved major capital projects at its Counce, Tennessee and Valdosta, Georgia linerboard mills which will reduce fuel and electricity purchases at these mills by 50% and 75%, respectively.
The net capital invested is expected to be about $215 million, after deducting about $80 million in maintenance capital that will be avoided on equipment being replaced.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.