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Stock impact report

Graphic Packaging Holding Company Announces Approval to Invest $600 Million in a New Coated Recycled Board Machine in the Midwest

Graphic Packaging Holding Company (GPK) 
Last graphic packaging holding company earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: PR Newswire
ATLANTA, Aug. 8, 2019 /PRNewswire/ --HighlightsGraphic Packaging's Board of Directors has approved a $600 million highly strategic investment into its coated recycled board (CRB) platform Investment fully supports Graphic Packaging's commitment to sustainable packaging, exceptional product quality and an unmatched cost position for producing CRB Capability to produce 500,000 tons of CRB is expected to be capacity neutral by eliminating higher cost production at other facilities Investment is expected to deliver $100 million in incremental annualized EBITDA upon full ramp up in 2022, delivering returns well above the cost of capital The Company has scheduled an Investor Day for September 26, 2019 in New York City at the NYSE where it will discuss the strategic and financial rationale for the investment in more detail, as well as other key strategic and financial prioritiesGraphic Packaging Holding Company (NYSE: GPK), (the "Company"), a leading provider of packaging solutions to food, Show less Read more
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