WORD ON THE STREET – The latest buzz in the packaging industry is all about Graphic Packaging International and their plans to build a new, cutting-edge facility in Waco, Texas. As a leader in fiber-based consumer packaging solutions, the company’s decision to set up shop in Texas Central Park is significant, and it’s creating quite a stir in the community.
The new facility will house a coated recycled paperboard (CRB) machine, making it the most advanced plant of its kind in the region. Spread across 119 acres, the campus will include 640,000 square feet of warehousing and production facilities worth a whopping $1 billion. But that’s not all – this project is expected to create around 230 jobs for locals, a boost for the Waco economy.
The decision to locate the new Graphic Packaging International facility in Waco was the result of a collaborative effort between the City of Waco, McLennan County, the Waco Industrial Foundation, and the Greater Waco Chamber. The company cited the area’s strong talent base and support as key factors in their decision-making process.
This investment is part of the Graphic Packaging International strategy to enhance its CRB capacity and capitalize on the growing demand for sustainable packaging solutions. The firm aims to strengthen its position in the packaging industry and offer eco-friendly solutions to consumer product and foodservice companies.
As a local real estate team at Keller Williams, The Onward Real Estate Team is always on top of the latest developments in Central Texas. Whether it’s new businesses, real estate trends, or community initiatives, we’ve got our fingers on the pulse of the region. So, if you want to stay informed about everything happening in your neighborhood, don’t hesitate to reach out to us today.
Let’s stay connected and continue to make the most of everything Central Texas has to offer.