Through a combination of acquisition and green-fielding 100% recycled paper mills and state-of-the-art corrugators, In July 2020, Visy Industries purchased the Australian and New Zealand glass manufacturing operations of In 2001, Visy undertook the-then largest development in its history, the construction of a $450 million kraft paper mill in Tumut, New South Wales.
This plant will enable Visy to make its PET and HDPE bottles out of 100% recycled plastic resin for everything from soft drink bottles to shampoo bottles to milk bottles. Richard and Anthony Pratt then set their sights on the huge American market, with the younger Pratt moving to the U.S. to oversee the start-up and development of Pratt Industries USA. Its mission is to buy hundreds of millions of dollar worth of goods and services for both Visy and external customers.Visy has also set up warehouse distribution centres outside Shanghai and Beijing, as well as a trading office in Shenzhen which is selling Visy paper into the Chinese market. Visy is a leading packaging & resource recovery company, with more than 120 sites across Australia, New Zealand, Thailand & Vietnam. Originally, there were three partners – Visbord's husband Max Plotka, Richard Pratt's father Leon and engineer Les Feldman.
Local Business. Visy's growing focus on Asian markets received a major boost in 2013 when Anthony Pratt announced plans to double the company's earnings in the region by building new packaging plants in at least four South-East Asian countries. Customer Testimonials. These not only provide coal-free energy – thus reducing the company's carbon footprint – but they allow Visy to expand its recycling capabilities to beyond converting paper and plastics into 100% recycled products.
It was the biggest investment in regional Australia since the Snowy Mountains Scheme (RP Speech), and was hailed by Australia's leading environmentalists for its commitment to sustainability.The project was so successful that 10 years later Visy built Stage 2 on the same site – a second kraft paper mill bringing the total investment to Tumut to almost $1 billion.
Visy Board, Innisfail, Queensland. The foundation is chaired by Anthony Pratt's sister, Heloise Waislitz. The award was named in honour of Pratt, who was seen as one of Australia's leading agents of change in the environmental sector.Visy was also the 2004 Banksia Environmental Gold Award winner. This was the first kraft mill built in the world in 20 years. The award recognises an individual executive's contributions towards the economic, social and environmental sustainability achievements of the organisation or company he/she leads. Visy was now operating at over 100 packaging and recycling sites in Australia, New Zealand and the U.S. Since then, it has donated more than $250 million. It will also enable the company to convert almost all remaining garbage into clean energy, thus helping close down landfills.Visy has won awards including the 2011 Australian Packaging Design Awards where it was named Overall Show Winner at the Packaging Council of Australia annual awards.In 2013, Visy and the Banksia Foundation – a leading Australian non-profit which promotes environmental excellence – teamed up to inaugurate the Richard Pratt-Banksia CEO Award. It includes some of the most prominent business leaders in Australia, and is chaired by former British Airways CEO and current News Corporation director Sir Rod Eddington (AO).Pratt has organised the build of a $50 million, 100% recycled plastics plant in Sydney. Find out on Localsearch! Its chief executive is Sam Lipski, a Melbourne-based journalist, and supports areas including medical research, education, the arts and relief of poverty.The Pratt family is also behind VisyCares, a non-profit begun in 1995 which promotes social responsibility at Visy through donations to establish community-based projects such as youth, immigrant and learning centres.In December 2005 the Australian Competition and Consumer Commission (ACCC) commenced prosecution against Visy for alleged involvement in a cartel in the packaging industry. Visy's packaging solutions are protective and eye-catching to meet your needs - be they cans, cardboard boxes, plastics, beverage cartons and shelf ready packaging. It also continued to be a world leader in recycling and during this period Visy opened Australia's largest materials recovery facility in Smithfield, NSW.The Pratt Foundation was established by Richard and Jeanne Pratt in 1978 to support various charitable causes and initiatives throughout Australia. "Visy continued to grow by acquisition as well as green-fielding. From the day Visy opened for business in a Fitzroy, Melbourne factory there were indications this would be a company devoted to recycling and sustainability – the first corrugator it used was made from spare parts and recycled scrap metal. Today, Visy's operational footprint extends from Sydney to Singapore, from Shanghai to San Francisco, with more than 180 facilities worldwide.
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