Pratt to open new recycling plant
Pratt Paper, LLC, dba Pratt Industries, a paper and packaging company, plans to locate a new recycling facility in Indiana, creating up to 137 new jobs by 2018.
The Conyers, Georgia-headquartered company will invest $260 million to construct a new 100 percent recycled paper facility adjacent to its existing box-making plant in Valparaiso. The project, which will be completed by July 2015, will occupy a new 250,000 sq.ft. building on a 50 acre site. It will include a wastewater pre-treatment facility and road improvements. When it reaches its full capacity, the new mill will produce an increased 360,000 tons of recycled paper each year.
Pratt, which currently employs more than 320 associates in Valparaiso and more than 4,000 across North America, plans to begin hiring paper machine operators, equipment operators, electrical and instrumentation technicians, shipping representatives, waste yard personnel, shift supervisors and maintenance associates late next year.
The Indiana Economic Development Corporation offered Pratt Paper up to $1.2 million in conditional tax credits and up to $200,000 in training grants. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. NIPSCO has also offered the company $15 million in additional energy and infrastructure incentives. The city of Valparaiso will consider additional tax abatement at the request of the Valparaiso Redevelopment Commission.