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Graphic Packaging Boosts Paperboard Bet With $1 Billion Texas Mill

Ryan Dezember
·3 min read
Graphic Packaging Boosts Paperboard Bet With $1 Billion Texas Mill

Graphic Packaging Holding Co. said it will spend $1 billion to build a new plant to turn old cardboard into new boxboard, doubling down on its bet that the concerns about plastic waste have created opportunities for paper packaging. The paperboard mill in Waco, Texas, will follow the opening early last year of a similar plant in Kalamazoo, Mich., which was the first new coated-recycled paperboard line to be built in the U.S. in decades. Graphic, which sells to consumer goods companies such as Coca-Cola Co., General Mills Inc., Anheuser-Busch InBev and Procter & Gamble Co., shared the news about the Texas mill Tuesday along with fourth-quarter earnings that were in line with analysts’ expectations.

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