Pratt Industries announces $5B US investment to create 5,000 jobs
Packaging giant Pratt Industries announced Wednesday it was committing $5 billion to support President Trump's push to bolster American manufacturing.
Atlanta-based Pratt announced the investment ahead of an afternoon White House event touting America's potential to business leaders.
'To make America great again we need to make in America again,' owner and executive chairman Anthony Pratt said in a statement.
'That's why I'm proud to support the president's call to reindustrialize America and again make the US the manufacturing powerhouse of the world.'
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In its announcement, Pratt predicted the investment would lead to 5,000 new jobs across the US, including in key electoral states Arizona, Michigan, Ohio, and Pennsylvania.
The firm already has 70 factories across the US manufacturing recycled paper and corrugated boxes, employing an estimated 12,000 Americans. Its clients include The Home Depot, Walmart and the US Postal Service.
The Australian-born Pratt, 65, was granted permanent US residency last year. In December 2024, he donated $14 million to the Trump-supporting Make America Great Again, Inc. super PAC and another $1.1 million to the 47th president's inaugural fund.
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Trump, 78, has repeatedly promised favorable treatment to multinational business leaders who move their operations to the US to escape his tariff regime.
In December 2024, the then-president-elected promised in a post on Truth Social that 'Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!'
That same week, Japanese holding company SoftBank announced it would invest at least $100 billion into US tech projects over the next four years.
The following month, Emirati billionaire Hussain Sajwani promised a $20 billion investment in the US data center industry, saying alongside Trump at his Mar-a-Lago resort that he would commit 'even more than that, if the opportunity in the market allows us.'
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