TEXAS (From news reports) -- Cedar Hill has landed a major new business.
Georgia-based packaging manufacturer Pratt Industries Inc. is locating a new plant and shipping center in the Southwest Dallas County community.
Pratt Industries has leased 1 million square feet of industrial space in a new business park on U.S. Highway 67.
The High Point 67 industrial campus is being built by developer Hillwood.
Pratt Industries plans to create 150 jobs at its new Cedar Hill regional manufacturing and innovation center.
"We're very honored to be in Cedar Hill and we're committed to the great state of Texas - in fact this is our fifth box factory here," Anthony Pratt, executive chairman of Pratt Industries, said in a statement. "We have long prided ourselves on the fact that we employ 11,000 Americans in well-paying, green-collar manufacturing jobs and we have now invested in America to the value of $10 billion.
"Cedar Hill will be our 71st factory in the U.S.A."
Pratt Industries is one of the country's largest corrugated packaging manufacturers and the world's largest, privately held producer of recycled container board. The company plans to invest more than $200 million in equipment, inventory and building improvements for the new plant.
The manufacturer is teaming up with the city and Cedar Hill schools to on an employee training and job development program.
"This joint collaboration with Cedar Hill and the school district is a great opportunity for us to encourage and invest in the community's young talent and to help them find meaningful employment and long term financial stability," Pratt division president Mike Tansey said in a statement.
Developer Hillwood last summer announced plans for its 180-acre industrial park on U.S. 67 south of Mount Lebanon Road.
The first phase includes a 1.1 million-square-foot building and a 225,000-square-foot building.
The entire business park is expected to generate more than $200 million in capital investment and create hundreds of jobs in Cedar Hill. CBRE is leasing the development.
"The city's partnership with Hillwood on the High Point 67 project is already bearing fruit for our community through significant capital investment and well-paying green-collar jobs," Mayor Stephen Mason said in a statement.
The Cedar Hill lease is one of the largest North Texas industrial transactions so far in 2022.
Pratt Industries is the second container firm to announced plans this year for a major new facility in the Dallas area. In February, Dallas-based McKinley Packaging said it will spend more than $35 million to build a new box plant in Lancaster. The project add 125 jobs at the new manufacturing center on East Pleasant Run.
The more than half million-square-foot McKinley Packaging facility is scheduled to be completed at the end of this year, and will be the international company's seventh plant in the U.S.
The Dallas-Fort Worth area leads the country in warehouse construction with more than 50 million square feet of buildings on the way.