Pratt Industries to Build $97.6 Million Corrugated Packaging Plant in Bondurant, Iowa

Pratt Industries plans to establish its first Iowa manufacturing facility in Bondurant to produce corrugated packaging and other corrugated products. The $97.6 million project is expected to create 105 jobs.

More than $80 million in equipment

The project, led by Pratt (4.0 Corrugating), LLC, a subsidiary of Atlanta-based Pratt Industries, includes more than $80 million in manufacturing equipment. Pratt Industries is one of the largest privately held paper and packaging companies in the United States. The plant is also expected to increase the company’s use of Iowa suppliers.

State incentives

The Iowa Economic Development Authority (IEDA) Board awarded the project $1.8 million in tax credits through the Business Incentives for Growth (BIG) program. Twenty of the new jobs are incented at a qualifying wage of $35.11 per hour.