Investment News | 14 February 2024
Work completes on new £8m business park unit
Work has finished on a new £8 million unit at a Derbyshire business park for a major packaging supplier.
Clowes Developments has achieved practical completion of the new unit at its Dove Valley Park site.
The firm, along with lead contractor Roe Developments, has finished plot 10A at the Foston business park, which is a 46,000sq ft unit for Terinex Flexibles.
Terinex, which is an OGM Holdings company, is a leading supplier of printed flexible packaging films and solutions used within the food, pet food and medical packaging industries.
The state-of-the-art premises, feature production, warehousing and research and development facilities.
The building also includes advanced sustainable energy systems to recover heat for re-use, and solar panels for generating power to operate the factory.
Marc Freeman, director at Clowes Developments, said: “Clowes Developments are delighted to hand the building over to Terinex Flexibles who are now pressing on with their bespoke fit out.
“The group are currently constructing a further 270,000 sq ft across Dove Valley Park, which will enhance the existing offering for perspective occupants.
“Dove Valley Park is a fantastic location for logistical enterprises, benefiting from easy access to the A50.
“The site continues to grow in popularity with occupiers creating valuable employment opportunities in South Derbyshire.”
Dove Valley Park is already home to occupiers including Top Hat, JCB, Müller, Futaba and GXO.
The decision by Terinex to invest in Dove Valley Park comes after it received support from the Invest in Derbyshire service, which Marketing Derby runs in partnership with Derbyshire County Council and Derbyshire Economic Partnership.
Paul Wightman, group managing director of the OGM Group, said: “Our new location for Terinex Flexibles will facilitate the further growth of our business and we are looking forward to adding to our team in South Derbyshire.
“The new site provides more than double the size of our existing factory and will accommodate new equipment, our expanding team and increased R&D capabilities to benefit our food, pet food and medical packaging customers.
“Reducing the environmental impact of industry in the UK is both a moral obligation and a business necessity.
“Our aspiration was to build the UK’s best flexible packaging factory with the lowest environmental footprint producing very high-quality products, it’s great to see our vision come to life and we look forward to moving in once the fit-out process is complete.”