Page 7 - Packaging News magazine May-June 2022

May-June 2022 | www.packagingnews.com.au | NEWS 7 Visy to invest $700m in Qld recycling
VISY has confirmed a $700 mil- lion investment in Queensland recycling and re-manufactur- ing, and plans to relocate its current glass re-manufacturing operations.
The investment is part of Visy executive chairman Anthony Pratt’s 2021 pledge to invest $2bn in Australian recycling and clean energy infrastructure over the coming decade, saying it will create thousands of new green collar, well-paying Australian manufacturing jobs.
Under the plan, the company will invest $500m to build a new glass food and beverage container recycling and manufacturing facility in Yatala; build a new $150m corrugated box factory at Hemmant; and invest $48m in major upgrades to the company’s MRF on Gibson Island.
Visy will also relocate its cur-
rent glass re-manufacturing
operations from South Brisbane
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to Yatala, scheduled for 2025, pav- ing the way for the site along the Brisbane River to be used as the International Broadcasting Centre for the 2032 Olympic Games.
“This is the largest invest- ment Visy has ever made in Queensland,” Anthony Pratt said.
The project is expected to cre- ate 900 jobs in construction, and support 300 green collar, reman- ufacturing jobs once operational.
Pratt said the new factory will
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help towards increasing the recycled content in Visy’s glass packaging to 70 per cent, reduce landfill, and reduce the use of nat- ural resources by using the most modern energy efficient manufac- turing technology available.
The facility, which will pro- duce about one billion glass containers a year, will support Queensland’s iconic beverage manufacturers. The compa- ny’s new $150m corrugated box
Under the plan, Visy will invest $500m to build a new glass food and beverage container recycling and manufacturing facility in Yatala.
factory at Hemmant will service Queensland’s thriving agricul- tural sector, supporting farmers and growers across the state.
Visy’s upgrade to its MRF at Gibson Island will see up to an additional 30,000kt of material diverted from landfill. Visy cur- rently recycles 250,000 tonnes of material from kerbside collec- tions a year, and says it is proud to service the majority of South East Qld’s recycling needs. ■
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