Pratt Paper (Indiana) LLC, d/b/a Pratt Industries, a paper and packaging
company headquartered in Conyers, Ga., has announced plans to locate a new
recycling facility in Valparaiso, creating up to 137 new jobs by 2018, the
Indiana Economic Development Corporation (IEDC) said in a statement released
Pratt will invest $260 million to construct a new 100-percent recycled paper
facility adjacent to its existing box-making plant in Valparaiso. The
project, when completed by July 2015, will occupy a new 250,000 square-foot
building on a 50-acre site. It will include a wastewater pre-treatment
facility and road improvements. At full capacity, the new mill will produce
an increased 360,000 tons of recycled paper each year.
“Companies with existing Indiana operations can speak from experience about
the advantages of operating in the Hoosier State,” Gov. Mike Pence said.
“After conducting a nationwide search for the location of its new paper
mill, Pratt decided to expand its Indiana facility because they knew our
workforce is up to the task. With the pro-growth business environment we've
worked hard to create, companies can expand here with confidence, knowing
that Indiana is a state that works.”
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 IEDC said.
“This new recycling facility will allow us to better service the needs of
our expanding customer base not only in the Midwest, but throughout the
United States,” said Anthony Pratt, the company’s owner and chairman. “And
Indiana is a perfect fit for us. We've been a part of the business community
here for many years now and we know there is a skilled, reliable workforce
available to us. It's also gratifying to work with such dedicated public
officials who realize the importance of attracting well-paying manufacturing
jobs to the state.”
Founded in 1987, Pratt is the world's largest privately held company to
produce all of its paper and packaging from 100 percent recycled products,
saving the equivalent of more than 50,000 trees each day, the IEDC said. The
company produces 1.15 million tons of recycled paper annually, most of which
is used to produce packaging for various market sectors including
industrial, food and beverage, electronics, pharmaceuticals and
The IEDC offered Pratt Paper (Indiana), LLC up to $1.2 million in
conditional tax credits and up to $200,000 in training grants based on the
company's job creation plans. These tax credits are performance-based,
meaning until Hoosiers are hired, the company is not eligible to claim
The Northwest Indiana Regional Development Authority will also support the
project through its Deal Closing Fund, the IEDC said.
In addition, the Northern Indiana Public Service Company has offered the
company $15 million in additional energy and infrastructure incentives as
part of its continued efforts to support local economic development.
And the City of Valparaiso will consider additional tax abatement at the
request of the Valparaiso Redevelopment Commission.
“Pratt's decision to build an expansive paper recycling plant is, we
believe, the single largest private taxpaying investment in the history of
the City of Valparaiso, and brings profound benefits to our community,"
Valparaiso Mayor Jon Costas said. “This level of investment will have
positive residual benefits that will continue to expand our regional
economy. It has been a real pleasure working alongside Pratt executives to
pave the way for this expansion and it is clear to us why they have become
the world's largest privately-held 100 percent recycled paper and packaging