Latest news with #GeorgiaPacific
Reuters
20 hours ago
- Business
- Reuters
International Paper, other cardboard makers hit with US price-fixing class action
July 30 (Reuters) - International Paper (IP.N), opens new tab and other rival manufacturers have been accused in a new lawsuit in U.S. federal court of conspiring to fix and inflate prices for key raw materials that are used to make cardboard boxes and merchandise displays. The proposed class action filed, opens new tab on Tuesday in the federal court in Chicago said International Paper, Packaging Corporation of America (PKG.N), opens new tab, Georgia-Pacific and several other companies collectively raised prices by 30% since late 2020. Mt. Vernon, New York-based Artuso Pastry Foods Corp filed the lawsuit on behalf of what it said was at least hundreds of thousands of buyers. The lawsuit said containerboard raw materials are used in pizza boxes, moving boxes, banker boxes and more. The lawsuit said the manufacturers violated U.S. antitrust law through 'numerous unprecedented and unjustified price increases, often implemented at the exact same time and for the exact same increase.' International Paper declined to comment. Georgia-Pacific and Packaging Corporation of America did not immediately respond to requests for comment, and neither did defendants Smurfit Westrock (SWR.L), opens new tab and Greif (GEF.N), opens new tab. Graphic Packaging (GPK.N), opens new tab, also a defendant, in a statement said it was "confident in our practices and committed to operating with integrity." Attorneys for the plaintiffs did not immediately respond to a request for comment. The lawsuit said the defendants inflated prices for containerboard and linerboard, the materials that make up finished products such as cardboard boxes. The companies also make and sell boxes and other containerboard products, according to the lawsuit. Price increases in the corrugated box market 'drastically outpaced' what the lawsuit described as a modest rise in demand over the period covered by the complaint. As demand fell in recent years, the lawsuit said, price increases continued. The lawsuit said that in a competitive market, companies that raise prices substantially would not expect rivals to do the same thing. The plaintiffs are seeking more than $5 million in alleged damages and a court order prohibiting any continued violations of antitrust law. The case is Artuso Pastry Foods Corp v. Packaging Corporation of America et al, U.S. District Court for the Northern District of Illinois, No. 1:25-cv-08856. For plaintiffs: Vincent Briganti of Lowey Dannenberg; Christopher Burke of Burke LLP; Eric Unrein of Cavanaugh, Biggs & Lemon; and Gary McCallister of McCallister Law Group. For defendants: No appearances yet Read more: PVC pipe buyers settle with analytics service in first price-fixing settlements Lawsuit accuses United Rentals, other construction equipment firms of price-fixing Goodyear, Bridgestone, other tiremakers defeat price-fixing lawsuits
CTV News
16-07-2025
- Business
- CTV News
Georgia-Pacific breaks ground on $191M expansion of northern Ont. mill
Georgia-Pacific broke ground Tuesday afternoon on a $191 million expansion at its wood processing mill in Englehart, Ont.
CTV News
16-07-2025
- Business
- CTV News
Georgia-Pacific invests $191M in Englehart mill expansion
Northern Ontario Watch Georgia-Pacific Canada broke ground on a $191 million expansion at its mill in Englehart, Ont. - the company's largest global operation. The 70,000-sq. ft. upgrade will modernize a third of the facility.
Yahoo
15-07-2025
- Business
- Yahoo
Georgia-Pacific Announces $140 Million USD Capital Investment in Englehart OSB Mill
State-of-the-art facility improvements will reduce costs and downtime ENGLEHART, ON, July 15, 2025 /PRNewswire/ -- Georgia-Pacific today announces a new capital project for the company's Englehart OSB (Oriented Strand Board) mill in Ontario. The approximately $140 million USD ($191 million CAD) investment will fund a new log processing system and include the expansion and construction of a new finished goods warehouse. This investment comes as Englehart OSB celebrates its fifteenth anniversary as a Georgia-Pacific facility. The first board was produced at the mill in 1983. "Georgia-Pacific is focused on the future and committed to exceeding the needs of our customers," said David Neal, executive vice president, building products. "This investment strengthens our operational capabilities and positions the Englehart mill for greater productivity in the years ahead. While we implement these improvements, the dedicated local team will continue operating the facility, ensuring we are able to meet current market demand." "By enhancing the log processing system and warehouse at the mill, we show our commitment to continuous improvement and our dedication to reinvesting in the mill, the town of Englehart, the surrounding communities, and our preferred partners," said John Beers, president – structural panels. "These improvements will continue our focus on staying competitive and ensures Englehart is an environmentally conscious, 21st century mill." The processing system in an OSB mill takes raw wood materials and prepares them for producing OSB. This includes sorting logs, debarking, and cutting them into strands to prepare them for drying. Design and engineering work has started, and the project is expected to be completed by the second quarter of 2027. About Georgia-PacificBased in Atlanta, Georgia-Pacific and its subsidiaries are among the world's leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, cellulose and building products. Our familiar consumer brands include Angel Soft®, Brawny®, Dixie®, enMotion®, Quilted Northern®, Sparkle® and Vanity Fair®. Georgia-Pacific has long been a leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. Its Georgia-Pacific Recycling subsidiary is among the world's largest traders of paper, metal and plastics. The company operates more than 150 facilities and employs approximately 30,000 people directly and creates more than 80,000 jobs indirectly. For more information, visit: For news, visit: Follow Georgia-Pacific on LinkedIn, Meta, Instagram, X and YouTube. View original content to download multimedia: SOURCE Georgia-Pacific Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Georgia-Pacific Announces $191 Million CAD Capital Investment in Englehart OSB Mill
State-of-the-art facility improvements will reduce costs and downtime ENGLEHART, ON, July 15, 2025 /CNW/ -- Georgia-Pacific today announces a new capital project for the company's Englehart OSB (Oriented Strand Board) mill in Ontario. The approximately $191 million CAD investment will fund a new log processing system and include the expansion and construction of a new finished goods warehouse. This investment comes as Englehart OSB celebrates its fifteenth anniversary as a Georgia-Pacific facility. The first board was produced at the mill in 1983. "Georgia-Pacific is focused on the future and committed to exceeding the needs of our customers," said David Neal, executive vice president, building products. "This investment strengthens our operational capabilities and positions the Englehart mill for greater productivity in the years ahead. While we implement these improvements, the dedicated local team will continue operating the facility, ensuring we are able to meet current market demand." "By enhancing the log processing system and warehouse at the mill, we show our commitment to continuous improvement and our dedication to reinvesting in the mill, the town of Englehart, the surrounding communities, and our preferred partners," said John Beers, president –structural panels. "These improvements will continue our focus on staying competitive and ensures Englehart is an environmentally conscious, 21st century mill." The processing system in an OSB mill takes raw wood materials and prepares them for producing OSB. This includes sorting logs, debarking, and cutting them into strands to prepare them for drying. Design and engineering work has started, and the project is expected to be completed by the second quarter of 2027. About Georgia-Pacific Based in Atlanta, Georgia-Pacific and its subsidiaries are among the world's leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, cellulose and building products. Our familiar consumer brands include Angel Soft®, Brawny®, Dixie®, enMotion®, Quilted Northern®, Sparkle® and Vanity Fair®. Georgia-Pacific has long been a leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. Its Georgia-Pacific Recycling subsidiary is among the world's largest traders of paper, metal and plastics. The company operates more than 150 facilities and employs approximately 30,000 people directly and creates more than 80,000 jobs indirectly. For more information, visit: For news, visit: Follow Georgia-Pacific on LinkedIn, Meta, Instagram, X and YouTube. SOURCE Georgia-Pacific View original content to download multimedia:
