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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.