NORTHBROOK, Ill., Nov. 14, 2014 /PRNewswire/ -- KapStone Paper and Packaging Corporation ( NYSE: KS) ("KapStone" or "the Company") As part of KapStone's periodic review with our community constituents, KapStone shared a capital investment plan for the North Carolina paper mill with the Economic Development Commission. The multi-year investment plan, which totaled approximately $115 million, included the recently completed $29 million upgrade to paper machine number three as well as a range of anticipated capital projects that will maintain the mill's cost competitiveness and efficiencies over multiple years by modernizing the three existing paper machines.
About the Company
Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company is the parent company of KapStone Kraft Paper Corporation and KapStone Container Corporation which includes four paper mills and 22 converting plants, respectively, across the US. The business employs approximately 4,600 people.
SOURCE KapStone Paper and Packaging Corporation