INDUSTRY CALENDAR OCTOBER 25-27 PPC Fall Meeting & Leadership Conference Rancho Bernardo Inn, San Diego, California DECEMBER 8-10 ICPF 2023 Holiday Weekend in New York The Refinery Hotel near Bryant Park FEBRUARY 28-MARCH 2, 2024 West Coast Ski Meeting Snowbird Cliff Lodge, Snowbird, Utah APRIL 8-10, 2024 AICC 2024 Spring Meeting & 10th Annual Independents' Cup Golf Tournament (50th Anniversary) Palm Desert, California APRIL 10-12, 2024 PPC 2024 Spring Meeting Frisco, Texas JULY 16-18, 2024 The Foundation for Packaging Education's 2nd Fundraiser Event Napa, California SEPTEMBER 8-12, 2024
Board Converting News® is published weekly by NV Business Publications, in association with Flexo Market News®, Interna- tional Paper Board Industry®, and Folding Carton Industry®. Editorial and Marketing office: PO Box 802, Manasquan, NJ 08736-0802. Subscription Rates in U.S. and Canada $223 per year or $355 for two years. Overseas rate per year $355 USD. Current issue single copies (pre-paid only) $8.50 in U.S. (else- where $9.50); add $5.00 per order for shipping & handling. No part of this publication may be transmitted or reproduced with- out written permission from the publisher. With K2 reaching expected quality, cost improvement and volume commitments ahead of schedule, the perma- nent decommissioning of K3 helps support a more efficient resource use and margin enhancement goals for the CRB network, while continuing to service increased customer demand for high quality coated recycled paperboard. The machine decommission is not expected to have any impact on the company’s 2023 projected Adjusted EBITDA of $1.9 billion, the midpoint of the previously pro- vided guidance range. Graphic Packaging Decommissions K3 Machine In Kalamazoo, MI Atlanta, Georgia based Graphic Packaging Holding Com- pany, a consumer packaging company, announced it will permanently decommission its K3 coated recycled paper- board (CRB) machine in Kalamazoo, Michigan. The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company's longest-running machine. The 125,000-tons per annum machine ceased operation on July 1. Removing higher-cost, less efficient production capac- ity is part of Graphic Packaging’s CRB optimization plan first announced in 2019 alongside its investment in a new, state-of-the-art K2 CRB machine. Permanently decommissioning the older machine is the company’s next step of network optimization.
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