Pratt Industries commits to Investing $5 billion in recycling and clean energy infrastructure

Pratt Industries executive chairman, Anthony Pratt, has pledged to invest $5 billion in U.S. recycling and clean energy infrastructure to create 5000 American manufacturing jobs over the next 10 years.

 “Pratt Industries is proud to already be the largest Australian employer of Americans – providing 11,000 well-paying, green-collar jobs in more than 70 factories across the nation,” Pratt said.

Part of the new commitment is already taking shape in Henderson, KY, where the company is building its 6th, 100% recycled paper mill. An investment of $500 million, the mill is one of the biggest economic development achievements in Western Kentucky in the past 25 years.

Earlier this year, Pratt announced plans to open a regional manufacturing and innovation center in Cedar Hill, TX, outside of Dallas, where it will occupy one million square feet and invest more than $200 million in equipment and building improvements. The company also plans to employ 150 full time workers at the new facility.

Pratt is also building a 700,000 square-foot corrugator plant adjacent to the mill. The combined project expects to bring more than 300 full time jobs to the area and more than 700 jobs for the construction phase.

Pratt Industries is America’s 5th largest corrugated packaging company and the world’s largest, privately-held 100% recycled paper and packaging company.