Item 2. Properties

We operate locations in North America, including the majority of U.S. states, South America, Europe, Asia, Africa and Australia. We

own our principal offices in Dublin, Ireland. We believe that our existing production capacity is adequate to serve existing demand for

our products and consider our plants and equipment to be in good condition.

Our corporate offices, significant regional offices and operating facilities (including our mills) as of December 31, 2024 are

summarized below:

(1) Excludes facilities we are in the process of closing

The tables that follow show our estimated annual production capacity in thousands of tons by mill at December 31, 2024. The capacity

reflects our current expectations, including assumptions such as product mix and basis weight. Our mill system production levels and

operating rates may vary from year to year due to changes in market and other factors, including weather-related events. We own all of

our mills. At December 31, 2024, we also own approximately 165,000 acres of forestlands in Colombia and 136,000 acres of

forestlands in Brazil.

Europe, MEA and APAC Mills - annual production capacity in thousands of tons

North America Mills - annual production capacity in thousands of tons

Latin America Mills - annual production capacity in thousands of tons