Visy plans to invest $500 million in a glass container manufacturing plant and recycling facility in Yatala, Queensland, Australia.
Visy will relocate its current glass re-manufacturing operations from South Brisbane to Yatala, expected in 2025.
It will pave the way for the site along the Brisbane River to be used as the International Broadcasting Centre for the 2032 Olympic Games.
The projects will create over 900 jobs in construction, and support 300 green collar, remanufacturing jobs once operational.
Visy said the factory will help towards increasing the recycled content in Visy’s glass packaging to 70%, reduce landfill, and reduce the use of natural resources by using the most modern energy efficient manufacturing technology available.
The facility will produce about 1 billion glass containers a year.