AUSTRALIA (News release) -- Visy Industries unveiled a major AU$42.5 million upgrade to its paper recycling and remanufacturing campus in Coolaroo, Australia. The upgrade is part of Visy Executive Chairman Anthony Pratt's commitment to invest AU$2 billion over the next decade to reduce landfill, cut emissions and create thousands of green collar Australian manufacturing jobs.

The new drum pulper system was an Australian first and represented the most advanced paper recycling technology in the world.

"It will double Visy's kerbside recycling capability in Victoria, diverting up to 180,000 tonnes of paper and cardboard annually from Victoria's landfills or exports - the equivalent of approximately an extra 400 Olympic swimming pools," said Pratt.

Andritz-supplied drum pulper, the first system of its kind in Australia, was made possible by co-investment from the Victorian and Federal Governments.

The Company will recycle and remanufacture this kerbside paper and cardboard into 100% recycled paper and corrugated packaging for pizza boxes, the agricultural sector and Victoria's favourite food and beverage brands.