PACKAGING – AUSTRALIA

Pratt chases super money to fuel Visy’s $2b Australian expansion

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Original article by John Stensholt
The Australian Financial Review – Page: 1 & 6 : 24-Aug-17

Visy Industry has revealed plans to expand its Australian cardboard packaging and paper recycling operations at a cost of $A2bn over the next decade. Executive chairman Anthony Pratt will seek financial support from superannuation funds to finance the massive expansion, which he forecasts will generate some 5,000 jobs. Visy will increase its investment in clean energy plants, with the aim of eventually generating about 50 per cent of its electricity it uses. Visy’s US arm Pratt Industries announced a $US2bn investment in its business earlier in 2017.

CORPORATES
VISY INDUSTRIES AUSTRALIA PTY LTD, PRATT INDUSTRIES (USA) INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AMAZON.COM INCORPORATED, AUSTRALIANSUPER PTY LTD, IFM INVESTORS PTY LTD

Geminder’s Pact with the market: no surprise

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Original article by Kylar Loussikian
The Australian – Page: 21 : 25-Feb-16

Pact Group has posted a 2015-16 interim underlying profit of $A45.9m, which is 10 per cent higher than previously. The packaging group’s revenue increased by eight per cent to about $A688m, and shareholders will receive a half-year dividend of $A0.10 per share. CEO Malcolm Bundey says an efficiency program generated cost savings of $A2.8m during the half-year. Pact shares closed 4.5 per cent higher at $A4.92 on 24 February 2016.

CORPORATES
PACT GROUP HOLDINGS LIMITED – ASX PGH, JALCO PTY LTD, POWER PLASTICS