Visy will invest over $70 million over the next 12 months on a furnace rebuild in South Australia.
The investment will form part of Visy Executive Chairman Anthony Pratt’s recent $2 billion investment pledge in Australian manufacturing.
The $70 million investment will completely rebuild Visy's West Croydon based glass furnace, ensuring it is able to manufacture glass bottles in South Australia for years to come.
Visy will also invest in three new glass forming machines used to shape glass bottles for our customers.
Visy’s glass facility in West Croydon employs approximately 160 people, and the investment will reportedly secure these jobs for the long term.
Visy has also committed to increasing the average recycled content glass content used by its glass manufacturing plants from 30 to 70 per cent.
Visy hopes that by doing this it will keep more glass in the circular economy, reducing landfills and creating environmentally sustainable re-manufacturing jobs.