Anthony Pratt, the executive chairman of packaging companies Visy Industries and Pratt Industries, has encouraged other businesses to invest in expansion rather than boosting dividends to shareholders.
The Australian, which visited Pratt Industries’ Beloit, Wisconsin factory, reports that Beloit, the company’s newest factory, is rolling out robotics at this site as the first step in a $200 million deployment of such automation.
“You need to take a 20-year view of robotics,” Pratt told The Australian.