In a significant economic development announcement, Governor Josh Shapiro, accompanied by Department of Community and Economic Development (DCED) Secretary Rick Siger, stood alongside Pratt Industries Executive Global Chairman Anthony Pratt to reveal a substantial commitment from the corrugated packaging giant.
Pratt Industries has pledged to invest $500 million and generate hundreds of job opportunities in Pennsylvania over the coming decade.
The declaration was made during a visit to Pratt Industries' cutting-edge plant in Carlisle, which currently employs 215 individuals in full-time manufacturing positions.
Governor Shapiro emphasized Pennsylvania's appeal to global businesses: "Having Pratt Industries invest a total of $1 billion in Pennsylvania and create hundreds of new jobs is a clear sign that the Commonwealth is a place where global businesses can grow and succeed."
Pratt Industries has already invested $500 million in Pennsylvania and employs more than 800 individuals across its facilities in various counties, including Carlisle, Reading, East Greenville, Macungie, and Emmaus.
The company's new commitment will focus on recycling, remanufacturing, and clean energy infrastructure investments.
Anthony Pratt, Pratt Industries Executive Chairman, expressed pride in employing over 800 Pennsylvanians and emphasized their commitment to the state, stating, "I'm honoured today to pledge a further investment of $500 million in recycling, remanufacturing, and clean energy infrastructure over the next ten years, to create hundreds of new jobs in the great state of Pennsylvania."
The DCED, on behalf of the Commonwealth, provided Pratt Industries with a funding offer of over $1.3 million in 2011, facilitating the establishment of a box manufacturing plant in Macungie and creating 125 jobs.
Pratt Industries, the fifth-largest corrugated packaging company in the United States and the world's largest producer of 100% recycled containerboard, originated in Australia over 35 years ago and operates manufacturing facilities in more than 25 U.S. states. The company currently provides jobs for over 11,000 employees across the nation.