We have been developing the Maryvale site since 1937 and have an asset base in excess of $3 billion. Australian Paper is committed to ongoing strategic investment to maintain and develop our core manufacturing assets. Our capital investment strategy over the next 5 years will support Australian Paper’s mission of sustainable growth for the next generation by focusing on four key areas.
During August, the Maryvale Mill shut down for 26 days, investing $51 million on capital upgrades to strategic infrastructure and site maintenance. More than 50 local businesses have been involved, boosting our local economy and generating employment opportunities for the Latrobe Valley. These major works are part of a $200 million, five year capital investment program currently underway at Australian Paper Maryvale, in line with our mission of Sustainable Growth for the Next Generation.
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