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Packaging Corporation expects to utilise about USD215m after about USD80m in maintenance capital with the after tax return on these projects to be between 20-25% of total capital (USD295m), or 25-30% of net capital (USD215m). This range depends on tax incentives and benefits related to the production of green electricity and energy, mainly a function of current, proposed and potential legislation.
The project which expects to be completed by the end of 2011 lists a new recovery boiler, turbine generator and improvements to the paper drying machine at the Valdosta mill, while the Counce mill lists a new turbine generator and two existing boilers' up gradation and recovery.
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