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Recycled paper mill plans 137 jobs in Indiana

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A paper and packaging company plans to locate a new paper-recycling plant in northwestern Indiana, creating up to 137 jobs by 2018.

The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.

At full capacity, the new mill is expected to produce 360,000 tons of recycled paper each year.

The IEDC offered Pratt up to $1.2 million in conditional tax credits and up to $200,000 in training grants based on job creation. Northern Indiana Public Service Co. offered $15 million in energy and infrastructure incentives, and the city of Valparaiso will consider tax abatement.

Conyers, Ga.-based Pratt currently employs more than 320 workers in Valparaiso, about 15 miles southeast of Gary.

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