Sappi North America To Convert Paper Machine To Produce SBS Sappi North America, a global producer and supplier of di- versified woodfibre products, announced the approval of a $418 million capital project to convert Paper Machine No. 2 at its Somerset Mill in Skowhegan, Maine, to increase its capacity and produce solid bleached sulfate board (SBS) products. The project will be funded from free cash flow. “This move complements our long-term Thrive25 strategy, which focuses on growing our portfolio in pack- aging and specialty papers, pulp and biomaterials,” said Mike Haws, President and CEO of Sappi North America. “By investing in our business to pursue growing areas of demand, we can remain profitable and competitive in the global marketplace” Demand for packaging and specialty papers in North
America is particularly robust, especially since SBS is a more environmentally sustainable alternative to plastic packaging, and customers are actively seeking to increase their volumes with Sappi North America. SBS is used in premium packaging for cosmetics and perfume, health and beauty care, consumer electronics, confectionary, luxury drinks and more. Foodservice items such as plates, dishes and cups also use SBS as a sustainable alternative to plastic. “Somerset’s existing world-class infrastructure and suc- cess in producing high quality SBS products, together with its talented workforce, make the mill an excellent and ob- vious choice for this investment,” said Haws. “Increasing our flexibility and expanding the paper mill’s capability and capacity will ensure that we continue to make superior products at Somerset for years to come.” The planned project at the Somerset Mill in Maine is slated to come online early in 2025. Lipscomb Joins Mill Rock Packaging As COO
DESIGNS THAT INCREASE PRODUCTION
New York City, New York, based Mill Rock Capital, a private investment firm, announced that its portfolio company Mill Rock Packaging Partners LLC has named Bruce Lipscomb as its Chief Operating Officer, a new position for the company. Lipscomb is an accomplished operations executive with extensive experience leading organizations, supervising plants and over- seeing various functions within the packaging and print industries. Prior to joining Mill Rock Packaging, he worked for nearly 30 years with RR Donnelley, where he was a Senior Vice President of Operations with responsibility over multiple sites. Lipscomb previously led many other func- tions including manufacturing and supply chain while building continuous improvement capability in operations. "Bruce is a leader with an exceptional track record, and on behalf of the entire Mill Rock Packaging team, we are pleased that he is joining as our COO," said Allen Ennis, Mill Rock Packaging CEO. "With growth comes the need to continually scale our capabilities and increase the service levels to our customers, and the formation of this new position will help lead our forward momentum. I am looking for- ward to working closely with Bruce as a key member of our leadership team." As Chief Operating Officer, Lipscomb will oversee all aspects of manufacturing, includ- ing ultimate oversight for Mill Rock Packag- ing's current five production facilities.
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November 21, 2022
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