Visy Industries, the private cardboard box and paper recycling group of Anthony Pratt, will raise $150 million in 10-year long-term debt from AustralianSuper and IFM Investors, arranged by Westpac's Institutional Bank. The funds will refinance existing senior debt.
Oji Holdings will construct a new Queensland plant making food-grade pulp-based cardboard boxes for meat processors and farmers, costing about 5 billion yen, with operations starting around October and capacity rising to 3-4 million square meters a month by 2019.
The Royal Australian Mint awarded Rodenprint and Packaging a contract to supply specialised printed packaging for coins and medals. The contract was awarded on 15 December 2016 with a value of AUD 15,444.
Oji Fibre Solutions is developing a new paper-based corrugated packaging facility in Yatala, Queensland, with about A$68 million invested. The plant will initially employ 50 staff and is on track for completion by the end of 2016.