A Leader in Recycled Paper Packaging
Pratt Industries is the U.S.’ largest 100 percent recycled-paper packaging company. Based in Georgia, it employs more than 4,400 people in the U.S. and has grown from the 46th-largest box producer to the fifth-largest, with facilities in more than 20 states.
A Model of Sustainable Practices
In 2014, the company announced it would invest $52 million in a corrugated box factory in Beloit, a project expected to create 140 new jobs. The proposed 350,000-square-foot manufacturing facility will convert corrugated container board produced at Pratt’s recycled paper mills into sheets, and then covert those sheets into finished boxes for distribution throughout the Midwest and beyond. The facility is expected to produce about 600 tons of recycled boxes a day at capacity—the equivalent of saving more than 10,000 tires every 24 hours. When it opens in 2016, the plant is expected to be a showcase for environmental responsibility, using the latest in water reclamation technology, and will eventually reduce discharge into the local sewer system to zero. All forklifts and grab trucks will operate on compressed natural gas instead of propane, further reducing harmful carbon emissions.
State and local partners worked together to help secure the project: the Wisconsin Economic Development Corporation agreed to provide the company with up to $2.4 million in tax credits over four years (contingent on the actual number of jobs created) and a $1.75 million loan. The company is also receiving about $3.8 million in aggregate incentives from the City of Beloit and the Greater Beloit Economic Development Corporation (GBEDC). The Wisconsin Department of Transportation and Alliant Energy/WP&L also extended economic incentives to help attract the project.
(December 2014)View more expansion and relocation success stories