Will this investment create new jobs at the Arkansas mill?
The Arkansas mill currently employs 412 people. Green Bay Packaging declined to say whether the investments would create any new jobs.
But the company said the investment "reflects the company's ongoing dedication and commitment to our workforce and Arkansas," said Bryan Hollenbach, Green Bay Packaging's executive vice president.
"By updating the facility and investing in new technologies, GBP aims to foster innovation while ensuring a sustainable operation for years," Hollenbach said in the media release. "We will be working closely with the state of Arkansas to make this happen."