Paper company plans Wapakoneta mill, with 300 new jobs

10:27 a.m. Thursday, Dec. 7, 2017 Business
Pratt Industries in Lewisburg opened its $44 million facility there in September 2014. The plant had 140 workers and saved the equivalent of up to 10,000 trees a day by using 100 percent recycled paper from Pratt’s mill system, company officials said at the time. LISA POWELL / STAFF PHOTO

A Wapakoneta paper mill is planning an expansion that will create 300 new jobs.

Pratt Paper, LLC, in Auglaize County, expects to create 300 full-time positions, generating $14.4 million in new annual payroll as a result of the company’s new project in Wapakoneta, the Ohio Tax Credit Authority said Monday.

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Pratt Paper makes corrugated packaging. The Tax Credit Authority approved a 1.263 percent, eight-year “job creation” tax credit for this project.

A paper industry news web site said the company plans to build a mill that will have a capacity of 360,000 metric throughput yield of corrugated medium and linerboard made out of recycled fiber.

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Construction on the mill is set to start in March, with the new paper machine perhaps ready to start operating in the fourth quarter of 2019, the web site said.

Pratt Industries also has a Lewisburg recycled packaging and paper facility, which was opened three years ago.