FINANCIAL ANALYSTS: Containerboard – Yet another new recycled project announced in the US in what is already an oversupplied market [KeyBanc]

excerpt from KeyBanc Capital Markets

A company called Crossroads Paper (crossroadspaper.com) announced plans yesterday afternoon to build a new 100% recycled containerboard mill in Utah, expected to open in early 2022. The project will cost $320 million and is being financed by private investment capital; the mill is expected to produce 365,000 tons/yr. of containerboard (which represents close to 1% of U.S. capacity). When completed, it will be the first containerboard mill in the state. The site of the future mill wasn't announced; the Company has identified two options in the Salt Lake Valley, and the location will be announced upon ...

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