The Company is a leading provider of paper-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The investment will be funded from cash flow and existing credit facilities with most of the spending occurring in 20. The Company expects the investment will be capacity neutral by eliminating higher cost production at other facilities and will deliver an incremental $100 million in annualized EBITDA upon full ramp up in 2022. Upon completion of the project, the Company believes the CRB machine will produce the highest quality coated recycled board product in North America with the lowest-caliper capabilities in the industry. The CRB machine is designed to be the largest and lowest cost producer of CRB in North America. The Company will invest $600 million in the project, and the machine is expected to have an annual capacity of approximately 500,000 tons. Projected completion of project with production to begin before the end of 2021.ATLANTA, September, 24, 2019 – Graphic Packaging Holding Company (NYSE: GPK), (the “Company”), a leading provider of packaging solutions to food, beverage, foodservice, and other consumer products companies, today announced that its Kalamazoo, Michigan mill will be the location for the new coated recycled board (CRB) machine. Graphic Packaging begins hiring additional full-time, permanent employees to support the Kalamazoo expansion project.It can also be found here on the City of Kalamazoo’s website. The City’s Odor Taskforce submits its first quarterly report, for 2020 Q4.Draft Nuisance Minimization Plan is submitted to EGLE.Graphic Packaging submits their Q4 2020 Odor Management program update as required by the City of Kalamazoo Commission.Graphic Packaging announces a portion of North Pitcher Street will be temporarily closed to ensure the safety of neighbors, employees, construction workers and construction vendors during the construction phase of its expansion project.EGLE approves changes to Graphic Packaging Air Permit.To that end, Graphic Packaging commits to submitting a Nuisance Minimization Plan for Odors to EGLE by the end of the year. However, the company is committed to taking proactive steps to minimize odors connected to its operations and to work with local and state regulators. The study concludes that Graphic Packaging does not emit nuisance odors. GPI submits the RK & Associates study to EGLE for review.EGLE holds a Public Hearing to consider Graphic Packaging amended air permit request.The abatement is spread out over 12 years, for an average of $133,333 per year.
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