VALPARAISO, IN, March 18, 2014 (Local News) -Pratt Industries is investing close to a third of a billion dollars - believed to be the largest business investment in city history - to build the world's most technologically advanced recycled paper mill.
"This is as far as we know the single largest investment in the history of the city," Mayor Jon Costas said. "Of course, Pratt Industries is our largest employer."
The Australia-based recycled packaging company plans to build a $260 million, 250,000-square-foot paper recycling facility next to its cardboard box plant at 3155 Ind. 49 just south of U.S. 30. The company already employs 280 workers at the cardboard box factory, and will add another 137 jobs by 2018.
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