A Co Cavan packaging company - which was once part of the business empire of failed tycoon Sean Quinn - is making a significant investment in new machinery in a bid to grow its market share.
Quinn Packaging, which employs 140 people in the border town of Ballyconnell, is to invest over €3m (£2.2m) in the new equipment, a PET sheet extrusion line.
The company is targeting the rigid food packaging market and the additional capacity will help it to develop its meat tray business when the Austrian-made machine is fully commissioned later this year.
The investment represents the first major investment for Quinn Industrial Holdings Ltd, the company which acquired the Quinn Packaging and Construction Industry Supply businesses just over a year ago.
Mark McKenna, General Manager of Quinn Packaging has emphasised the importance of the investment as part of a long term growth strategy:
“This investment in Quinn Packaging will allow the company to further develop its’ presence within the rigid food packaging sector and represents a commitment to our customers and employees. We believe that the extra investment being made in the Vacurema recycling system as part of the new extrusion line will give us a competitive advantage over many of our competitors by allowing us to replace virgin polymer material with recycled material and still produce a higher quality sheet.”
With a 19,000 sq m production facility in Ballyconnell, the company manufactures a range of packaging products, including meat and poultry trays, mushroom punnets and dairy spread containers.
The company also makes packaging for industrial and agricultural uses.