Pratt Industries To Invest $500M For Green Infrastructure In PA Conyers, Georgia based Pratt Industries, a private compa- ny owned by Australian billionaire Anthony Pratt, is dedi- cating $500 million for recycling and green energy infra- structure in Pennsylvania, according to media reports. Pennsylvania Josh Shapiro was onsite for the announce- ment at the company’s facility in central Pennsylvania. The company employs more than 800 people in five counties in Pennsylvania. “Pratt Industries is the world's largest privately-owned company that manufactures 100 percent recycled packag- ing and paper,” Shapiro said. Officials say the investment will lead to hundreds more jobs in the state. Shapiro says the company has shown that companies can create jobs while helping the environment. “Pratt Industries is the world's largest privately-owned company that manufactures 100 percent recycled packag- ing and paper,” Shapiro said. He said it is important to have foreign companies invest in the state, and that Commerce Department data shows that foreign-owned companies invest in the state, created more jobs in Pennsylvania than any other state. “That's good for business. It's good for Pennsylvanians, it's good for our workers and it's great for our future. I want
you to know my administration is prepared to build on that progress by investing more time and effort into cultivating and developing these international ties,” Shapiro said. The $500 million investment is on top of another $500 million Pratt Industries previously pledged to invest in the state over the decade. AF&PA Releases November 2023 Packaging Papers Report The American Forest & Paper Association (AF&PA) re- leased its November 2023 Packaging Papers Monthly re- port. Total packaging papers & specialty packaging ship- ments in November increased 1 percent compared to No- vember 2022. They were down 1 percent when compared to the same 11 months of 2022. Shipments of the biggest subgrade in unbleached packaging papers – bag & sack – were 95,200 short tons for the month of November, up 4.8 percent year-to-date. The bleached packaging papers operating rate was 80.4 percent, down 0.3 points from November 2022 and down 0.5 points year-to-date. The complete report with detailed tables, charts and historical data can be purchased by contacting Kory Bock- man at Statistics_Publications@afandpa.org or (202) 463- 4716.
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8 December 25, 2023
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