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Pratt receives tax credit for Lewisburg, OH, plant; looks into new board PM

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Pratt receives tax credit for Lewisburg, OH, plant; looks into new board PM

August 02, 2013 - 11:12

SAN FRANCISCO, Aug. 2, 2013 (PPI Pulp & Paper Week) -Pratt Industries received a "10-year job creation" tax credit from the state of Ohio to expand its corrugated sheet plant in Lewisburg in a project that would add 140 jobs, according to theDayton Daily News.

The project would reportedly include a new building and converting equipment. Pratt acquired Lewisburg Container, which was part of Love Box, in November 2005.

Pratt now operates about 38 corrugated converting plants, including 11 corrugator plants, 26 sheet plants, and one sheet feeder in the US South, East, and Midwest. It is reportedly approaching 100% integration of its three existing recycled containerboard mills in Conyers, GA; Staten Island, NY, and Shreveport, LA, due to box plant expansions and higher than industry average growth for its lightweight, recycled packaging, according to contacts.

Pratt is believed to have completed engineering studies on a new recycled containerboard mill for the US Midwest, possibly close to its large 500,000 ft2 Valparaiso, IN, corrugated box plant, where two 110-in. corrugators run.

• RockTennacquired Sonoco's Protective Solutions plant based in Kennesaw, GA, on Apr. 1. The operation, which employs 30 in an 82,000 ft2 building, makes products for industrial and specialty packaging customers. A company official called the purchase a good strategic fit for RockTenn.

• Boisetold analysts that the company is on schedule for a third quarter startup of the new 110-in. corrugator at its Central Texas Corrugated (CTC) sheet feeder plant in Waco, TX. The new corrugator will replace two existing corrugators and add about 180 million ft2of new capacity. Boise acquired CTC in 2006. In addition, the company is opening a new Hexacomb converting plant in Queretaro, Mexico, in the third quarter.