Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA paper and packaging company plans to locate a new paper-recycling plant in northwestern Indiana, creating up to 137 jobs by 2018.
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
At full capacity, the new mill is expected to produce 360,000 tons of recycled paper each year.
The IEDC offered Pratt up to $1.2 million in conditional tax credits and up to $200,000 in training grants based on job creation. Northern Indiana Public Service Co. offered $15 million in energy and infrastructure incentives, and the city of Valparaiso will consider tax abatement.
Conyers, Ga.-based Pratt currently employs more than 320 workers in Valparaiso, about 15 miles southeast of Gary.
Please enable JavaScript to view this content.