Anthony Pratt will make his largest American investment – construction of a $540 million paper mill in Kentucky. Pratt Paper, a part of sustainable packaging company Pratt Industries, is planning the construction of a paper mill in western Kentucky. The new paper mill will produce more than 1,500 tons of recycled paper every day, saving the equivalent of over 25,000 trees or two football fields.
The Henderson site selected by Pratt represents a success for Kentucky’s Product Development Initiative. The site was among those to receive funding during the PDI program’s first round in 2019. PDI was established through a partnership between the Kentucky Cabinet for Economic Development and the Kentucky Association for Economic Development to provide competitive grants to Kentucky economic development organizations and local governments to supplement site and building improvement projects.
Company officials also expect the project in Henderson, Kentucky, to create roughly 700 construction jobs and the finished plant will result in 320 high paying full-time jobs.
Missy Vanderpool, executive director of Henderson Economic Development, said Pratt represents the largest number of employees for a new industry here in more than 25 years, since the recruitment of the Hudson (now Tyson) Foods poultry processing complex in 1995, and the largest capital expenditure by a new industry “in at least two generations,” dating back to the landing of Anaconda (now Century) Aluminum in the early 1970s.
“It is nearly unbelievable the time, effort and amount of work our (Henderson) Economic Development team, the City of Henderson and its utilities and Henderson County did over a (four)-month period to secure this major, major win,” Mayor Steve Austin said.
“I know Henderson was in competition for the industry location with at least six other (community) prospects,” Austin said. “Hard work and determination paid off in the long run. It’s the biggest win-win Henderson has experienced — probably topping Anaconda Aluminum (now Century), Tyson and MacMillan-Bloedel (now International Paper).”
Served in part, by Henderson County Riverport, on the Ohio River in Western Kentucky the region offers distribution and storage solutions for a wide variety of materials and goods. With first-class facilities, central location to major midwestern and southern cities, and numerous options for efficient transport, Henderson, Kentucky assures the efficient flow of materials and products to and from their destination, both in the United States and abroad.
To learn more about Henderson County Riverport, please click here: http://www.irpt.net/henderson-county-riverport-authority/