KapStone to Invest $29 Million in Its North Charleston Paper Mill

KapStone's investment will focus on upgrading the North Charlston mill's No. 3 Paper Machine for the production of Ultra High Performance (UPL) lightweight linerboard grades.

Sept. 11, 2012 - KapStone Paper and Packaging said that its Board of Directors has approved a $29 million investment in the company's North Charleston, South Carolina paper mill.

According to Kapstone, the investment is expected to improve the capability and efficiency of No. 3 Paper Machine in producing Ultra High Performance (UPL) lightweight linerboard grades by replacing the press section.

The new press section will be supplied by PMT Italia, KapStone said.

The investment also includes projects in the fiber and utilities areas to support production of these strategically important grades.

KapStone said engineering and construction are expected to occur over the next 18 months, targeting installation of the press section during the first quarter of 2014.

The North Charleston mill operates three paper machines and has an annual capacity to produce about 850,000 tons of linerboard, saturating Kraft, and Kraftpak (virgin fiber, unbleached, uncoated folding carton board)

Headquartered in Northbrook, Illinois, KapStone Paper and Packaging Corporation is a leading North American producer of unbleached kraft paper and corrugated products. The company is the parent company of KapStone Kraft Paper Corporation and KapStone Container Corporation which includes three paper mills and 14 converting plants across the Eastern and Midwestern U.S. The business employs approximately 2,700 people.

SOURCE: KapStone Paper and Packaging Corporation