Market: Packaging Paper & Board
Posted June 13, 2018
Green Bay Packaging Inc. announces an investment of over $500 million that includes construction of a new recycled paper mill in Green Bay, Wisconsin and an expansion of the company’s shipping container division – a project expected to create 200 jobs throughout the state.
The new state-of-the-art recycled paper mill will replace an existing recycled paper machine that was originally built in 1947 and has been rebuilt three times since. The new mill, which will cost over $475 million and take three years to build, will last more than 50 years, company officials say. Building the new mill in Green Bay will enable the company to continue to grow in Wisconsin and could result in other long-term investments in the state.
The company also will invest $25 million in the expansion of its Green Bay Shipping Container Division. In May, Green Bay Packaging announced the acquisition of Wisconsin Packaging Corp., a Fort Atkinson manufacturer of corrugated packaging and displays. Green Bay Packaging plans to continue to operate and grow the Fort Atkinson facility in the future.
In addition to the 200 jobs expected to be created by Green Bay Packaging, an economic modeling study estimates the project could indirectly generate 135 additional jobs in the region.
Started in 1933, Green Bay Packaging Inc. is a family-owned, vertically integrated company consisting of corrugated container plants, folding cartons, recycled and virgin linerboard mills, pressure-sensitive label rollstock, specialty converting operations, timberlands, and a sawmill facility.