VISY TO BUILD $150M BOX FACTORY IN QLD

Visy is investing $150m in a new corrugated cardboard box manufacturing plant in Queensland, as part of the packaging and recycling giant’s $700m investment in manufacturing facilities in the state.

The addition of the new facility will boost Visy's supply capability in the region, and forms part of Visy executive chairman Anthony Pratt’s pledge to invest $700 million into Queensland, announced earlier this year, the largest investment ever made by Visy in the state.

The plant will be located at Hemmant, 11 kilometres from Brisbane CBD.  It has been approved by Brisbane City Council.

In addition to the cardboard box plant, the company will invest $500 million to build a new glass food and beverage container recycling and manufacturing facility in Yatala; and invest $48 million in major upgrades to the company’s material recovery facilities (MRF) on Gibson Island.

The three Queensland projects combined are expected to create 900 jobs in construction, and support 300 green collar, remanufacturing jobs once operational.

The investment is part of Pratt’s 2021 pledge to invest $2 billion in Australian recycling and clean energy infrastructure over the coming decade, which will create thousands of new manufacturing jobs and bring Visy’s total investment value in Australia to $11bn.

Visy, the privately-owned global paper, packaging and recycling company, has been manufacturing corrugated cardboard boxes since its inception in 1948, when this was its core offering. Today, Visy corrugated cardboard packaging is made from recycled fibre and kraft paper, supplied by Visy’s recycled paper mills, fed in turn by Visy’s MRFs.