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.
For comments and feedback: editorial@rttnews.com