Visy Glass has announced a AUD $2 billion investment in Australian manufacturing over the next 10 years.

The announcement was made during a recent visit to Visy’s Penrith plant by Australian Prime Minister Scott Morrison.

Visy Executive Chairman Anthony Pratt bought O-I Glass’ Australia and New Zealand (ANZ) business unit for AUD $947 million (US$ 658.9 million) in July 2020.

He said: “We are pledging an additional $2 billion investment over the next 10 years in Australia, creating thousands of new green collar jobs, manufacturing jobs, reducing landfill and increasing the recycled content of our packaging.”

Visy’s activities span two of the Australian Federal Government’s six National Manufacturing Priorities – ‘Food and Beverage’ and ‘Recycling and Clean Energy’.

These priorities are industries with the potential to deliver long-term transformational outcomes for the country’s economy.

Visy said it is committed to improving manufacturing and recycling in Australia, and the AUD $2 billion will not only create new local jobs but also help contribute to a more sustainable future.

Photo courtesy of Visy Glass.