Utah Containerboard Mill Project Moving Forward
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month March 2021
According to a report in Resource Recycling , Crossroads Paper recently drew capital from an investment firm as it continues to develop a $320 million containerboard mill that would serve as a big buyer of recycled fiber in the western United States. The mill, which was announced in July 2019 and is being led by brothers Ron and John Sasine, received funding from investment firm Peterson Partners last month. The investment company is based in Salt Lake City, where the mill is planned to be sited. Matthew Day of Peterson Partners said the firm be- lieves Crossroads will be “a critical piece of the recycling, packaging and e-commerce infrastructure of the West.” The Crossroads plans call for a 350,000-tons-per-year containerboard mill that uses 100 percent old corrugated containers (OCC) and mixed paper. When the project was first announced, the Sasines anticipated a budget of about $320 million for the mill. In a July 1 interview, the Sasines said Peterson’s previous investment history makes it a par- ticularly good fit for the Crossroads project. “They have such a great track record of backing excit- ing and interesting companies that reshape an industry,” said Ron Sasine. “Their investment in software-as-a-ser- vice companies has reshaped the way software is provid- ed and used.”
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
37.992 34.784
9.2
8.259 7.906
4.5
Industry Total
Year-to Date
March 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
102.939 99.108
3.9
8.170 7.743
3.0
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2021 2020
3.0967 2.8627
8.2
8.4625 8.1907
3.3
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Mar. Feb.
1.9332 1.9337
0.0
2.9 3.0
3.4
Shipping Days
Year
Month
Year-to-Date
2021 2020
23 22
63 64
SOURCE: Fibre Box Association
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www.boardconvertingnews.com
July 19, 2021
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