WestRock to Build New Corrugated Box Plant in Wisconsin

The new state-of-the-art facility will enhance ability to meet growing demand and better serve customers in Great Lakes region. Construction is estimated to cost approximately $140 million.

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:

• Support reduced manufacturing costs and waste, improving WestRock's overall manufacturing cost profile;
• Improve sustainability through reduced energy consumption and new technology;
• Improve quality and customer satisfaction using state-of-the-art automation;
• Enhance digital capabilities and provide real-time data to improve decision making and reduce unplanned downtime; and
• Serve all key end markets in the Great Lakes region, which include retail, distribution, processed food, industrial, and protein businesses among others.

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