Pratt Intrustries, America's leading 100 percent recycled paper-packaging company, announced Friday it will begin construction on a new $52 million box factory in Beloit next spring, a project expected to create 140 new jobs.
"I'm pleased that Pratt Industries, after seriously considering sites in three other Midwest states, has decided to locate the new facility in Wisconsin," said Gov. Scott Walker.
The proposed 350,000-square-foot manufacturing facility, which will be built in the Beloit Gateway Business Park, a 56-acre site in Beloit, will produce about 600 tons of recycled boxes a day at capacity, the equivalent of saving more than 10,000 trees every 24 hours.
"This is a memorable day for our company. This plant will be our first ever in the great state of Wisconsin, and is a perfect fit with our aggressive growth strategy to increase our manufacturing footprint and capabilities in the Midwest," said Pratt Chairman Anthony Pratt.