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Investment in Australian manufacturing given a well-deserved boost by Visy Australia

Investment in Australian manufacturing given a well-deserved boost by Visy Australia

Manufacturing in Australia isn’t dead, rather it has been going through a period of change and restructure. Recent movements by some of the industry’s biggest players proves there are still plenty of opportunities to invest in Australia’s onshore manufacturing.

The Australian Bureau of Statistics’ labour force data shows the industry’s resilience with manufacturing adding an extra 14,500 jobs from January to May 2017.[1]

Last month, Australia's 5th richest man[2], Anthony Pratt, announced that his company, Visy Australia, will invest billions of dollars into the cardboard and recycling empire, which is expected to create 5,000 new jobs over the next decade.

The $2 billion investment will be spent expanding Visy’s manufacturing capabilities throughout Australia including new investments in clean energy.[3]

At the end of the 10-year investment program, Visy’s total investment in Australia will be $8 billion in today’s terms, and will have created a total of almost 30,000 direct and indirect jobs.

Mr Pratt said he believed that the high-profile announcement could encourage a change in the perceptions of manufacturing.

"We hope that by making this announcement that it will continue a national conversation about the creation of jobs and that manufacturing is not dead in Australia. Manufacturing has got a great future in Australia," he said.[4]

Visy now has 120 plants across Australia, New Zealand and South-East Asia.[5]

Visy and Mr Pratt are no stranger to ambitious projects and investment back into the environment and sustainability. In 2007 as part of the Clinton Global Initiative, Mr Pratt promised to invest $1 billion over 10 years in recycling initiatives to tackle global warming and boost his bottom line. He did it over in five.

Not only is Visy Australia providing long term investment in manufacturing, Mr Pratt recently announced that he will give away $1 billion in charity to help Australians, distributing the cash to worthy charities within his lifetime.[6]

APG is excited about the job opportunities to come in the manufacturing industry in Australia. APG has a team of manufacturing specialists that can match labour hire, casual, temporary or full-time staffing needs. For more information, contact us on 1300 793 340.

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