New recycling machinery to boost post-consumer paper product output
Georgia Pacific, a wholly owned subsidiary of Koch Industries, has announced that they will be investing $36.0 million in superior pulping and recycling equipment in order to produce a larger share of post-consumer recycled products. According to the company, paper cups typically account for up to 2.0% of recycling volume, while this new machinery is purported to increase this capacity to 10.0%. Overall, by using post-consumer recyclables as inputs, the company is able to produce paper products more sustainable as well as at a lower cost, likely boosting margin activity.
Competition|New Activity|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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