Latest news with #Visy
AU Financial Review
07-08-2025
- Business
- AU Financial Review
Super lending for corporate debt part of Chalmers' productivity challenge
The ninth Superannuation Lending Roundtable, hosted by Anthony Pratt's Visy and The Australian Financial Review, is a glimpse into the possibilities and pitfalls that lie ahead at the Albanese government's productivity summit later this month. The push, championed by former prime minister Paul Keating for Australia's $4.2 trillion superannuation system to directly lend long-term debt capital to businesses, began with the first super lending summit in 2017. Pratt noted yesterday that since the start of that annual conversation, 'there's been a 78 per cent increase in corporate lending by super funds to about $30 billion annually'.
Daily Mail
06-08-2025
- Business
- Daily Mail
The huge bin change that could be coming for millions of households
Australian households could be expected to take on a fourth kerbside bin dedicated to glass recycling after Victoria introduced a purple-lidded bin. Packaging industry titans have called for household glass recycling bins to be adopted nationwide, especially in metropolitan areas. Mark De Wit led the call as the chief executive of Visy, a major recycling company responsible for processing almost 60 per cent of all kerbside collections. Attendees of the 2025 Recycling Roundtable also called for a scheme for wine and spirit bottles, and food-grade containers, that was consistent nationwide. Australians can utilise container deposit schemes for beverage cans and bottles, and in some states, the scheme also accepts wine and spirit bottles. However, Mr De Wit said 40 per cent of glass bottles were still being recycled through household bins, as reported by The Sydney Morning Herald. But he said beer bottles, which are manufactured with lighter materials, can easily break while en route to recycling facilities. 'You throw it in your recycling bin, it goes in the back of a truck, it bounces all its way to a [material recovery facility], it gets pushed by a front-end loader onto conveyor belts, and it is smashed to smithereens by the time it goes through all that,' he said. Glass can be recycled repeatedly and the average glass bottle is reportedly now made from 64 per cent recycled content. However, half of the glass collected in current kerbside bins is being lost due to breakages and cannot be recycled. In Victoria, the purple glass recycling bins were rolled out over two years ago and are expected to be the standard across the state by 2027. However, 30 councils have hit back at the proposal, urging the Victorian government to get rid of the bins and expand the container deposit scheme instead. Councils have cited the cost of rolling out the bins and the issue of residents having the space to keep the fourth bin. The National Kerbside Collections Roadmap does not state whether households should have a glass recycling bin, but it does specify that it should be purple.
Daily Mail
21-06-2025
- Entertainment
- Daily Mail
Billionaire Melbourne heiress Bella Geminder marries husband Jose Falk for the second time in a stunning Italian ceremony for Australian society elite
After saying 'I do' in a glittering Melbourne ceremony in January, billionaire Aussie heiress Bella Geminder has tied the knot with Jose Falk a second time. The granddaughter of the late Visy chairman Richard Pratt and the daughter of billionaire packaging magnates Raphael and Fiona Geminder, walked down the aisle with Jose again in a stunning Italian ceremony. The couple were joined by Melbourne society elite at the Villa Cimbrone, an historic five-star hotel on the Amalfi Coast. Bella looked absolutely radiant in a gorgeous ivory gown with a plunging neckline, and an intricate lace bodice. She wore a long, flowing veil that cascaded down her back and finished in a princess-like train at her feet. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. Bella wore her hair down for the occasion, with her brunette locks falling freely over her exposed shoulders. Jose, meanwhile, looked every inch the dapper groom in a smart navy blue suit. He added a pop of colour to his outfit with a purple waistcoat and a gold patterned tie, bringing the ensemble together with a light coloured shirt and a pair of black leather shoes. The couple looked over the moon as they walked down that aisle that was flanked with their well-heeled family and friends. In the wake of the romantic occasion, social media was awash with memories of the nuptials, with many of the couple's high profile loved ones taking to Instagram to share images of the day. Sarah Lucas and her restaurateur husband Chris were in attendance, and the Melbourne socialite cut a very glamorous figure for the occasion. She wore a stunning chocolate-coloured halter neck sleeveless gown that showed off her trim and taut arms. She also wore a long, flowing veil that cascaded down her back, finishing in a train at her feet She accessorised with a long black leather clutch, some silver bling on her wrist and a pair of eye-catching large silver earrings. Foodie husband Chris, meanwhile looked cut a dapper figure in a white sports coat that he wore over a navy blue shirt that was unbuttoned to the chest. Sarah shared one image that showed her 'arriving in style' with fellow Melbourne socialite Holly Lucas. Holly put on quite the leggy display in a lacy black gown that featured a thigh-high split. The eye-catching garment also flaunted a hint of Holly's décolletage, as she augmented the look with a black lace choker. She also wore a pair of strappy burgundy block heels and accessorised with some subtle gold bling on her wrists. Stylist Nadia Phillips also put on quite the ostentatious display in a revealing Dalmation print chiffon dress from Leam Almes. The dress, which featured a revealing side split, also showed off Nadia's cleavage, thanks to a very plunging neckline and no bra. Stylist Chris Kontos turned out for the romantic occasion in a classic black dinner jacket, matching pants, and a crisp white collared shirt. Model Izi Mundic also looked stunning at the pre-wedding soiree in a sleeveless, lilac maxi dress with a low, ruffled neckline. It looked to be quite the luxe affair, with photos showing the guests celebrating the nuptials at long, intricately decorated tables on the venue's well manicured lawn. The couple's second wedding is a three-day celebration, with festivities kicking off on Thursday with a 'La Dolce vita'-themed welcome dinner held at a surprise location. The couple's second wedding is a three-day celebration, with festivities kicking off on Thursday with a 'La Dolce Vita'-themed welcome dinner held at a surprise location. Following their Friday nuptials, the couple are also hosting a casual poolside 'recovery party' at the stunning Villa Cimbrone. It comes after Bella and Jose tied the knot in front of 500 guests at her family's estate in the upmarket suburb of Kew in January. In footage shared to social media, the couple beamed as they enjoyed their first kiss as husband and wife, moments after tying the knot (the first time). Some of the A-List guests to attend include Bella's aunt Heloise Pratt and her Aussie rock legend partner Jon Stevens, as well as close friends and family. In October 2022, her older sister Georgia, 31, and investment director Matthew Danos also married in an opulent society wedding. The event took place in the ritzy suburb of Kew, and was a traditional Jewish ceremony followed by a black tie reception inside a marquee at Raheen, the Pratt family mansion. Bella's mother Fiona owns cardboard giant Visy and is worth a reported $3.4billion, while her father Raphael - who is also on Forbes Rich List - has a 40 percent share in plastics manufacturer, Pact. Her grandfather Richard Pratt, an immigrant born in Poland whose family fled to Australia months before the German invasion. He was a leading figure in Melbourne society until his death on April 29, 2009.
AU Financial Review
16-06-2025
- Business
- AU Financial Review
Energy-as-a-service lowers power costs without capital outlay
The service provider handles everything from installation to maintenance, allowing businesses to enhance energy reliability and efficiency, while remaining focused on their core operations. Origin, in partnership with engineering and technology firm Climatech Zero, is aiming to help businesses make this transition. 'Energy-as-a-service is an innovative option now available to businesses,' says James Magill, executive general manager at Origin Zero. 'The benefit for them is the guarantee of energy savings and that the company providing the energy service is there throughout the journey, rather than just going to a site, fixing or fitting something and leaving.' 'Costs are reduced and then smoothed out for the business and the risk is on the provider of the energy-as-a-service, allowing businesses to focus on their core operations. ' Many of the financial advantages of this approach are the result of shifting spend from capital expenditure to operational expenditure, with businesses paying a fixed monthly or annual payment spread out over the length of the service. This contrasts with the traditional model of upfront equipment purchases plus ongoing maintenance costs. Instead of buying and maintaining compressed air systems, for example, a manufacturer could pay a fixed fee for guaranteed compressed air volume, with the service provider handling all equipment and maintenance. 'We're accountable for delivering results and the customer only pays for the performance they receive, which removes the risk for the customer,' Magill says. Visy – an industry-leading, Australian-owned packaging and recycling company – has worked in partnership with Climatech Zero since 2019 on a range of energy initiatives, which has delivered 13 projects across 11 sites. Sustainability is central to Visy's operations, with this partnership helping Visy meet its energy, emissions, production and financial goals. Discussions around the energy-as-a-service model began in 2023, initially focused on compressed air systems, with Visy rolling out its first two sites in 2024. 'After partnering with Climatech Zero for its energy-as-a-service model for our compressed air assets, we've seen fantastic energy efficiency improvements of more than 25 per cent in the power required to deliver our compressed air needs,' says Ryan Santowski, Visy's group general manager – energy, waste and water. 'Our reliability has improved, allowing us to focus more on what we do best, Australian manufacturing. We've seen the energy-as-a-service model provide high asset reliability, combined with high energy improvements.' Climatech Zero, in which Origin has a 20 per cent equity stake, provides tailored engineering solutions for industrial customers that complement Origin's capabilities in grid-scale and on-site energy solutions. The partnership will help the companies deliver end-to-end energy and decarbonisation strategies for businesses. 'Origin brings deep expertise in both behind-the-meter and in front-of-the-meter services, including solar, demand response and market integration,' says Climatech Zero co-founder and managing director, Peter O'Connell. 'We focus on optimising the mechanical systems and controls that drive industrial energy use,' says Climatech Zero co-founder and managing director.' 'There's a big energy efficiency opportunity for Australia and we're excited to be part of this transition.'
AU Financial Review
06-06-2025
- AU Financial Review
Waislitz-Pratt court feud spells end to once amicable divorce
For years it looked like billionaire Alex Waislitz and his ex-wife, Visy heiress Heloise Pratt, had achieved the impossible – an amicable separation. But the once civil divorce appears to be getting more acrimonious each day. Waislitz's legal team was silent on Friday morning on allegations made by the Pratt family in court that he had no power to gift two luxury Toorak townhouses to his now-fiancee Rebekah Behbahani when they broke up in 2019.
