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PCA CEO says $5.2B worth of investments will pay off in 2026

Packaging Corporation of America CEO Mark Kowlzan detailed the impact of investments over the last decade, where energy projects are set to occur, and his optimism for nearshoring.

Packaging Corporation of America’s $5.2 billion worth of investments in its mills and box plants over the last decade — at a time when it says many competitors didn’t commit to such investments — is paying off now, said CEO Mark Kowlzan on Feb. 26 during the Bank of America Securities 2026 Global Agriculture and Materials Conference.

“The industry hasn’t recapitalized at the rates that we have,” he said.

Kowlzan said he predicted in 2018 that “if you were not prepared to take care of your own technical and engineering needs, your own capital spending needs, you would be out of business probably in 20 years,” he said. “That was, say, eight years ago. And look what’s happening to the industry.”

PCA CEO says $5.2B worth of investments will pay off in 2026 | Packaging Dive

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