Investment News | 16 March 2023
Packaging firm to open £8m facility at Dove Valley
A packaging company has announced it is to open an £8 million facility at a business park being developed by Clowes Developments.
Terinex Flexibles, which specialises in design and print of flexible packaging for the food, medical and pet food industries, will open a 46,000 sq ft factory at Dove Valley Park, at Foston.
According to the firm, which has recently rebranded from QC Flexible Packaging, work has already started on the state-of-the-art facility, which is being built on a three-acre plot.
The firm said that the investment from parent company OGM Holdings Group, will allow for future ambitious growth and support innovation.
The new factory will significantly increase capacity of the factory and warehouse and accommodate the expanding team at Terinex Flexibles.
The company is expecting to increase its staff numbers in the first year, with hires across production and engineering.
The firm’s R&D department will also move from its current location in Oxford.
Marc Freeman, director at Clowes Developments, said: “Clowes Developments is delighted to welcome Terinex Flexibles to Dove Valley Park.
“Dove Valley Park continues to attract investment from significant household names including JCB, TopHat and GXO.
“We look forward to working with Terinex in constructing its custom designed environmentally conscientious building.”
The new facility will be fitted out with a range of sustainable energy systems, such as a regenerative thermal oxidiser (RTO) that efficiently recovers heat to the printing process for reuse and the roof will be fitted with solar PV panels for generating power to operate the factory.
In addition, heat will be reclaimed from the compressors to send warm air to the curing room for the lamination process and the staff and visitor car park will have electric charging points.
The decision by Terinex to invest in Dove Valley Park comes after it received support from the Invest in Derbyshire service, which Marketing Derby (BH) runs in partnership with Derbyshire County Council and Derbyshire Economic Partnership.
Paul Wightman, group managing director of the OGM Group, says: “This investment will more than double the size of the Terinex Flexibles factory enabling for new equipment, offices and warehouse space.
“In addition to offering greater production volumes, our food, pet food and medical packaging customers will benefit from increased R&D capabilities to support their packaging innovations.
“The new factory will optimise all of our processes. This is a once in a lifetime opportunity for us to build a factory with the best environmental footprint that will allow industry leading productivity and quality. We hope to be ready to move in by the end of the year.”