Pratt Industries brought its $700 million recycled paper mill and corrugated box factory in Kentucky on-line and announced an investment in Pennsylvania.
The Henderson, Ky. mill will produce 1,500 tons of 100% recycled paper daily, which will be made into corrugated boxes at Pratt’s converting plants across the country, including the one on the same site. The paper machine in the new facility is more than twice the length of a football field, a press release noted.
Pratt Industries is America’s fifth-largest corrugated packaging company. Originally founded in Australia, it moved to the U.S. 35 years ago and has manufacturing facilities in more than 25 states.
Anthony Pratt, executive chairman, said the company is “transforming America’s recycling and manufacturing sectors.”
The press release noted that Pratt Industries has opened six of the most recent eight paper mills built in the U.S. With the new facility, Pratt now has $12 billion worth of assets in America.
The fiber giant also announced that it plans to invest another $500 million in Pennsylvania over the next decade, for recycling, remanufacturing and clean energy infrastructure, a press release noted.
It had already invested $500 million in Pennsylvania at its five plants in the Keystone State. In 2011, the state gave Pratt Industries a $1.3 million funding offer to locate one of its box manufacturing plants there.