Board Converting News, February 20, 2023

Graphic Packaging To Build $1B Paperboard Mill In Waco, Texas Atlanta, Georgia based Graphic Packaging Holding Com- pany announced it is building a coated recycled paper- board mill in Waco, Texas. The $1 billion capital investment represents the largest economic development project in Waco to date. Graphic Packaging manufactures fiber-based consum- er packaging solutions for the world’s leading consumer product and food service companies. The Waco facility will be in the heart of Waco’s largest industrial park, Texas Cen- tral Park. The 119-acre campus will be home to 640,000 square-feet in production and warehousing facilities and will offer approximately 230 new jobs with an average an- nual salary of $65,000 and full benefits.

A rendering of the paperboard mill in Waco, Texas.

“We are looking forward to joining the Waco commu- nity and working with the great talent base in the area. We appreciate the strong support and engagement we re- ceived from the City of Waco and McLennan County as we conducted our site selection process,” said Michael Doss, President and CEO of Graphic Packaging. “Building a new recycled paperboard mill in here will enhance our ability to meet growing global demand for packaging made with recycled materials.” “After nearly a year of discussions with Graphic Packag- ing, we are pleased to welcome them to Waco,” said Mc- Lennan County Judge Scott Felton. “A group of local lead- ers and I spent a good amount of time with the company’s executive team, and we visited one of their facilities. They are committed to health and safety and value the opportu- nities Waco offers for community partnerships.” Graphic Packaging is embarking on a significant capital investment to modernize and grow its CRB platform in re- sponse to consumer demand for more recycled materials in their packaging. The Waco investment will allow Graph- ic Packaging to upgrade its CRB capacity and take advan- tage of a growing recycled fiber-based packaging market. Graphic Packaging’s decision to locate in Waco rep- resents a regional economic development collaboration between the City of Waco, McLennan County, the Waco Industrial Foundation and the Greater Waco Chamber, with all entities partnering to provide support for the project.

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February 20, 2023

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