Jan. 23, 2024 - WestRock Company today announced plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to meet growing demand from customers in the Great Lakes region. The company intends to close its existing plant in North Chicago when construction of the new facility is completed.
This investment will position WestRock to increase its production capabilities and improve its cost profile in the Great Lakes region. Construction is estimated to cost approximately $140 million and is expected to be partially offset by property sales.
"Investing in a new state-of-the-art corrugated converting facility elevates our production capabilities and better supports our end market strategy and margin improvement targets," said David B. Sewell, chief executive officer, WestRock. "We are pleased to expand our presence in an area of critical demand like the Great Lakes and are confident that by implementing production initiatives such as these, we will continue to solidify WestRock's position as the supplier of choice."
The new facility is expected to:
Construction will begin in 2024 and is expected to be completed in 2025.
WestRock (NYSE:WRK) partners with its customers to provide differentiated, sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia.
SOURCE: WestRock Company
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