This article first appeared in Convenience & Impulse Retailing, authored by Tom Oakley-Newell
Pact Group has received $20 million in government funding to support its investment in technology that will help meet the demand for sustainable packaging.
The Federal Government funding will be used to support Pact’s $76 million investment into new equipment and facility upgrades at 15 of its operations across NSW, Victoria, Queensland, and Western Australia.
Sanjay Dayal, CEO of Pact Group, said the sustainable manufacturing company is extremely thankful to the Federal Government for the support.
“The new technology and equipment will enable Pact to manufacture higher quality recycled packaging products to support our customers meet demands for a higher quantity of locally recycled content in their packaging products.
“This is a substantial investment in Australia’s local plastic recycling and manufacturing industry. Pact is committed to building a local circular economy and we are proud of our progress to date.”
The investments will be made across four areas of Pact’s manufacturing operations, including upgrades to national dairy packaging equipment which will enable 50 per cent recycled content for HDPE milk bottles, installation of new technologies in NSW and Victoria boosting production capabilities for PET drink bottles.
There will also be upgrades to mobile garbage bin manufacturing plants in NSW and Victoria, and new equipment at Pact’s industrial manufacturing plants in NSW, Victoria, and Queensland.
The funding will also help create more than 250 full-time jobs in Pact’s facilities and a further 120 jobs while construction and installation takes place.