Calling it the single-largest investment in western Kentucky in 25 years, Governor Andy Beshear announced Thursday that Pratt Paper is planning to invest $400 million in a new paper mill in Henderson.
The project will result in over 320 high-paying jobs for the plant and create over 700 construction jobs over the next five years.
Beshear said the announcement continues the footprint Pratt already has in Kentucky.
click to download audioAccording to the company’s website, Pratt is the fifth-largest corrugated packaging company in the United States. Based in Georgia, the company has manufacturing facilities in half the states in America.
Beshear said the new plant will create a larger market for recycling in Kentucky.
click to download audioA 450,000 square-foot state-of-the-art paper mill that will employ 120 people is expected to be completed in 2023. In addition, a 700,000 square-foot corrugation facility that will employ 200 additional people is expected to be finished in 2026. Both facilities will be located on Kentucky Highway 425 southwest of Henderson.
Beshear also teased that some good economic news may be coming soon to Paducah during his weekly media conference.
click to download audioAlso on Thursday, Fruit of the Loom announced its Bowling Green distribution center will expand with a 203,000 square-foot addition expected to create 50 new jobs.
