Conyers, Georgia based Pratt Industries, a private company owned by Australian billionaire Anthony Pratt, is dedicating $500 million for recycling and green energy infrastructure in Pennsylvania, according to media reports.
Pennsylvania Josh Shapiro was onsite for the announcement 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 packaging 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 packaging 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.
https://boardconvertingnews.com/pratt-industries-to-invest-500mfor-green-infrastructure-in-pa/
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