EASTOVER, S.C.--(BUSINESS WIRE | Sylvamo.com)-- Sylvamo (NYSE: SLVM), the world’s paper company, is proud to announce major investments at its two South Carolina facilities.
The company plans to invest approximately $145 million in high-return projects to reduce costs and significantly enhance the capabilities at its mill in Eastover, South Carolina. The investments come on the heels of the mill’s 40th anniversary.
- Sylvamo will invest approximately $100 million to speed up one of its paper machines by the end of 2026, modernizing it to the same world class level as the mill’s other machine. The investment will enable the machine to produce approximately 60,000 additional short tons of uncoated freesheet annually.
- The company will also invest roughly $45 million for a new replacement sheeter at its Sumter, South Carolina, sheeting plant. The state-of-the-art cutsize sheeter, which converts large rolls of paper from the mill into sheets, will lower costs and add flexibility to service customers when it’s online by late 2026.
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