Sylvamo, a leading paper manufacturer, has announced major investments totaling $145 million at its facilities in Eastover and Sumter, South Carolina. The company plans to modernize its mill in Eastover with a $100 million investment to speed up one of its paper machines and increase production by 60,000 tons annually. Additionally, Sylvamo will invest $45 million in a new replacement sheeter at its Sumter sheeting plant, scheduled to be online by late 2026. These investments are part of Sylvamo’s strategy to strengthen its competitive advantage and enhance capabilities in the region.
The company has also entered a 20-year outsourcing partnership for woodyard operations in Eastover to modernize wood processing and increase efficiency and cost-effectiveness. This move will save Sylvamo approximately $75 million in capital spending over the next five years. The Eastover mill is a key asset for Sylvamo, generating over 90% of its energy in-house and creating thousands of local jobs. With its state-of-the-art technology and commitment to sustainability, Sylvamo’s investments are set to drive growth and innovation in the paper industry.
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