![]() We are happy to be involved in this important project to provide a state-of-the-art coated board machine for their optimized mill network in the United States,” says Michael Gray, Vice President, Capital business, North America, Valmet. “Valmet has a very good relationship with Graphic Packaging International, and we have had successful projects with them. Our relationship is based on mutual trust, which is very important in large projects like this one,” says Rusty Miller, Senior Vice President, Engineering and Technology, GPI. We have had a long and good cooperation with Valmet. “Valmet has offered us innovative yet proven technology to reach our high product quality targets. With this investment in the latest coated board technology, GPI is committing to sustainable packaging with exceptional product quality and cost competitiveness for producing coated recycled board (CRB) grades. Its value will not be disclosed, but an order of this type and scope is typically valued between EUR 140 and 180 million. The order is included in Valmet's orders received of the first quarter 2023. ![]() The start-up of the machine is scheduled for early 2026. The new machine will be supplied to GPI’s mill in Waco, Texas. Valmet delivered a similar coated board machine to GPI’s Kalamazoo mill in 2022. Valmet will supply a coated board machine for Graphic Packaging International (GPI) in the United States. Additional information about Graphic Packaging, its business and its products is available on the Company’s web site at. The Company’s customers include many of the world’s most widely-recognized companies and brands. The Company operates on a global basis, is one of the largest producers of folding cartons and paper-based foodservice products in the United States, and holds leading market positions in coated recycled paperboard, coated unbleached kraft paperboard and solid bleached sulfate paperboard. The Company is a leading provider of sustainable fiber-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The total number of shares of the Company’s common stock outstanding following the transaction is roughly 306.9 million shares. As part of the final transaction, 22,773,072 membership units were exchanged for an equivalent number of shares of Graphic Packaging common stock. Graphic Packaging owned 79.5% of the partnership and was sole manager, while International Paper owned 20.5%. Graphic Packaging completed the combination with International Paper’s North America Consumer Packaging Business in January 2018. The partnership was mutually beneficial and provided returns for both companies.” Through the combination with International Paper’s consumer packaging business, along with our other organic and inorganic growth initiatives, we have built scale across all three paperboard substrates, and have unique flexibility to quickly meet changing demand patterns for sustainable packaging solutions and deliver value for all stakeholders.”ĭoss added, “I want to thank Mark Sutton, Chairman and Chief Executive Officer, and the entire International Paper team for their contributions in building a platform to service and grow with new customers in attractive markets. The highly integrated model we have built enables us to serve a broad set of global customers with new and innovative packaging solutions, positioning us to achieve the ambitious growth and return goals established in Vision 2025. Michael Doss, the Company’s President and CEO, said, “The partnership with International Paper played an important role as we established our leadership position in fiber-based consumer packaging across all three paperboard substrates. As a result, Graphic Packaging now owns 100% of the Partnership. ![]() The final tranche of the membership interests held by International Paper in Graphic Packaging International Partners, LLC (the “Partnership”) were exchanged for an equivalent number of shares of Graphic Packaging common stock. Graphic Packaging Holding Company (NYSE: GPK), (the “Company” or “Graphic Packaging”) announced today the conclusion of its successful partnership with International Paper Company. ![]()
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