Kentucky Governor Andy Beshear said Thursday that Pratt Paper LLC. would be building two new facilities along Kentucky Highway 425 in Henderson County.
“It is so great to be here in Henderson for what I can verify is the largest single investment and economic development announcement in the last 25 years," said Beshear.
The new facilities coming to Henderson include a state-of-the-art, 450,000-square-foot paper mill that will manufacture 100% recycled products. The company also expects to construct a 700,000-square-foot corrugator plant to produce corrugated sheet and boxes using paper sourced from the new paper mill.
“This investment is expected to create 321 great jobs for people in this region, and when i say great jobs, I mean it," said Beshear. "They pay $39 an hour on average, including benefits.”
Construction of the new paper mill is expected to begin in March of 2022, with the completion slated for the fall of 2023, providing the area with 120 new jobs.
The company’s initial investment will build a 450,000-square-foot paper mill that will manufacture 100% recycled products for years to come.
“They will be great community partners for years to come," said Missy Vanderpool, executive director of Henderson Economic Development. "One night at dinner Ed said the plant will be here for 100 years, and Tom Williams looked at me and said ‘think about that,’ and I said ‘I can’t, because I will cry.’”
The corrugator facility is expected to be completed by the end of 2026, employing approximately 200 people once fully operational.
In addition to those 320 new jobs, Gov. Beshear says the construction of the facilities is also expected to create approximately 700 construction jobs over the coming years.
Pratt’s investment is the largest investment in this region of Kentucky in more than 25 years, stands as the largest in the state of Kentucky in nearly two years, and is the third-largest job-creation announcement of 2021.