Packaging Corporation of America Highlights $5.2 Billion Investment Strategy, Energy Expansion and Nearshoring Momentum at 2026 Industry Conference

Packaging Corporation of America (NYSE: PKG) announced that Chairman and CEO Mark W. Kowlzan highlighted the company’s $5.2 billion in capital investments over the past decade during remarks at the Bank of America Securities 2026 Global Agriculture and Materials Conference on February 26, 2026.

Kowlzan emphasized that PCA’s sustained investment in its mills and corrugated products facilities has strengthened operational performance and positioned the company ahead of competitors who have underinvested in modernization and technical capabilities.

“The industry hasn’t recapitalized at the rates that we have,” Kowlzan said, noting that PCA’s long-term capital strategy is now delivering measurable returns through improved efficiency, stronger bookings and increased shipment volumes in early 2026.

Strong Operational Momentum

The company reported corrugated shipments per day in January increased more than 4% year-over-year, with continued strength through February. Despite approximately $6 million in weather-related costs during January, operations remained stable and productive.

PCA also continues implementation of its previously announced $70 per ton containerboard price increase.

Energy Independence Initiatives

To mitigate rising electricity costs, PCA is advancing installation of natural gas turbines at key mill locations, including Riverville, Virginia; Jackson, Alabama; and DeRidder, Louisiana. These projects are designed to improve energy reliability and reduce exposure to grid volatility.

Kowlzan noted the company is taking a proactive approach to protect long-term cost competitiveness through greater energy self-sufficiency.

Optimism Around Nearshoring

Addressing supply chain and manufacturing trends, Kowlzan expressed optimism regarding nearshoring and domestic industrial growth, stating that while reshoring is a gradual process, supportive state and federal policies could accelerate U.S. manufacturing investment.