ATLANTA , Dec. 16, 2021 /PRNewswire/ -- Georgia -Pacific today announced significant investments, which total more than $500 million , at its Green Bay, Wisconsin , Broadway mill. The investments will greatly enhance the company's retail consumer tissue and towel business.

More than $500 million will be invested to grow Georgia -Pacific's retail consumer tissue and towel business.

Investments to the Green Bay mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, with startup of the new machine scheduled for the first half of 2024.

Approximately 150 jobs will be created to operate the new papermaking complex, in addition to the mill's 850 current employees. The project will have as many as 500 construction and contract-related workers onsite at the mill, fluctuating with project timeline.

"This truly is an investment in our customers and consumers who value the quality of our products," said Christian Fischer , Georgia -Pacific president and chief executive officer. "We appreciate the local community, Brown County , state officials and all of our employees' hard work and efforts to continue making our Green Bay Broadway mill more competitive for the long-term."

The improvements will allow expansion of Georgia -Pacific's own premium brands as well as supporting the growth of current and potential customers' premium private label brands.

The Green Bay Broadway mill currently operates seven paper machines and a number of converting operations to make bath tissue, paper towels, napkins and facial tissue for both retail and away-from-home uses. Since 2006, capital investment at all of Georgia -Pacific's Green Bay facilities have totaled more than $700 million .

"This significant investment demonstrates our commitment to Georgia -Pacific's consumer business, our hard-working teams and our current and potential customers," said Fernando Gonzalez , president – Georgia-Pacific Consumer Business. "It also allows us to further leverage the many advantages we have, including our breadth of offerings, excellence in manufacturing operations, commitment to quality and focus on research and development to create products that consumers value."

In Wisconsin , Georgia -Pacific operates seven facilities and employs nearly 2,100 people with total annual compensation and benefits of more than $400 million .

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, specialty fibers, building products and related chemicals. Our familiar consumer brands include Quilted Northern®, Angel Soft®, Brawny®, Dixie®, enMotion®, 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 more than 30,000 people directly and creates approximately 89,000 jobs indirectly. For more information, visit: gp.com/about-us. For news, visit: gp.com/news

View original content to download multimedia:https://www.prnewswire.com/news-releases/green-bay-wisconsin-mill-selected-for-georgia-pacific-investment-to-grow-tissue-and-towel-business-301446881.html

Photo Illustration by Elizabeth Brockway/The Daily Beast/GettyAccording to Subindu Garkhel, the head of cotton and textiles at the Fairtrade Foundation, making just 2.2 pounds of lint that’s used in clothing requires about 510 gallons of water. That’s roughly the same amount of water that the average person actually drinks in three years—all for material that might cost around $10 dollars to buy. Large, complex items like a pair of jeans might need as much as 2,000 gallons of water.That’s probab

Credit Suisse is seeking information through the U.S. courts which could lead to it taking legal action in Britain against SoftBank Group Corp to recover funds it says are owed to its Greensill-linked supply chain finance funds, U.S. court documents show. Switzerland's second-largest bank has been working to recover funds from the collapse of some $10 billion in funds linked to insolvent supply chain finance firm Greensill. Credit Suisse declined comment, while SoftBank did not immediately respond to a request for comment.

(Bloomberg) -- Asian stocks were mixed Friday after failing to harness a tailwind from the U.S., where the S&P 500 hit an all-time high amid optimism that economic growth will weather the omicron coronavirus outbreak.Most Read from BloombergLarry Summers Predicts the Future, and It Doesn’t Look GoodSingapore's Travelers Face Omicron ChaosUnited and Delta Cancel Hundreds of Christmas FlightsHundreds of Flights Canceled; U.K. Cases at Record: Virus UpdateThree Sinovac Doses Fail to Protect Against

(Bloomberg) -- Investors racing to buy debt tied to environmental, social and governance goals are expected to propel issuance to fresh highs next year, boosted by leveraged finance. Most Read from BloombergSingapore's Travelers Face Omicron ChaosLarry Summers Predicts the Future, and It Doesn’t Look GoodThree Sinovac Doses Fail to Protect Against Omicron in StudyOmicron May Double Risk of Getting Infected on Planes, IATA SaysOmicron Has 80% Lower Risk of Hospitalization in South AfricaSales of

We look back on this year’s Tech Trader columns for what we got right, what we missed, and what still looks good for 2022.

The biggest chunk of outside funding comes from a powerful state-owned institution, Cinda, which is taking a 20% stake in the consumer-finance business.

Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a source close to the matter said was worth around 4 billion pounds ($5.37 billion). Thailand's Central Group and Austrian real estate company Signa Group, which already jointly own major department stores across Europe, said on Thursday they had struck a deal for the chain best known for its Oxford Street store in London. The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003.

You can open a Roth 401(k) if your employer offers one as part of its retirement-plan choices. You can also have both a Roth and a traditional 401(k).

Virgin Orbit inked a new launch contract covering two dedicated launches for Arqit Quantum, Inc (NASDAQ: ARQQ), a quantum encryption technology provider. Financial terms were not disclosed. Virgin Orbit is a responsive launch and space solutions company that declared a special purpose acquisition company (SPAC) merger with NextGen Acquisition Corp II (NASDAQ: NGCA). Related Content: Virgin Orbit Nears SPAC Merger: What Investors Should Know The two Arqit satellites delivered to Earth orbit by Vi

(Bloomberg) -- Fast rising interest rates, the key factor behind this year’s 72% rally in Polish bank stocks, could gradually turn into a strain on valuations in 2022.Most Read from BloombergOmicron May Double Risk of Getting Infected on Planes, IATA SaysOmicron Has 80% Lower Risk of Hospitalization in South AfricaThree Sinovac Doses Fail to Protect Against Omicron in StudySingapore's Travelers Face Omicron ChaosOmicron Hospitalization Risk Is Far Below Delta’s in Two StudiesThe industry has ben

As is usual in any year, some asset classes stubbornly refused to do as they were told. At this time last year, shorting the dollar was the most "crowded" trade, BofA said, citing its monthly fund manager survey.

Blackstone Products, a maker of outdoor griddle cooking appliances, said Thursday it's going public via a merger with special-purpose acquisition corporation Ackrell SPAC Partners I Co. in a deal with a pro forma enterprise value of $900 million. Once the deal closes, the new company will be named Blackstone Products Inc. and will trade on Nasdaq under the ticker "BLKS." The new company will have about $95 million in proceeds from the SPAC, including a $31 million private investment in public eq

The ETF industry had another banner year, with record inflows, lots of new products, and trends that will continue into 2022.

Founders face hefty corporate taxes when listing tokens and individual investors are taxed up to 55%.

Debt in low-and middle-income economies has climbed to levels without precedent in modern times, writes the World Bank's Marcello Estevão.

As crypto markets moved through April and May, many buyers began to cash out of bitcoin (BTC) as fear, uncertainty and doubt (”FUD”) overwhelmed traders. Concerns included U.S. capital gains taxes on digital assets, bitcoin’s environmental footprint and an outright ban on crypto mining in China.

H Partners raised its investment in iconic-motorcycle maker Harley-Davidson to 8% after buying 740,000 more shares.

Micron (MU) delivered the goods in the November quarter and the market was duly impressed. Shares got a boost after the memory giant’s quarterly results and outlook beat expectations. In F1Q22, the company generated revenue of $7.69 billion, a 33% increase on the same period a year ago and ahead of the Street’s call by $10 million. Non-GAAP EPS of $2.16 also beat consensus estimates - by $0.05. The report managed to alleviate concerns of lackluster demand due to manufacturers stockpiling invento

Italian utility Enel SpA has agreed to buy 50% of Italy's Mooney to take joint control of the payments firm with Intesa Sanpaolo SpA and create a European-based fintech group. Under the deal, which values Mooney at 1.385 billion euros ($1.6 billion), Enel and Intesa will buy out the 70% stake held by a company controlled by private equity CVC Capital Partners. Intesa already owns 30% of Mooney through its Banca 5 unit.

European and Asian markets were broadly flat Friday in the last, thin trading session before Christmas but travel stocks enjoyed more gains.