Major €3m investment into Quinn Packaging operations
Published 13/01/2016 | 02:30
Quinn Packaging is investing more than €3m in its operations in Ballyconnell, Co Cavan.
The company, which was formerly part of the Quinn Group, was bought by Quinn Industrial Holdings Limited (QIHL) in December 2014.
QIHL acquired both the Quinn packaging and construction industry supply businesses.
Mark McKenna, Quinn Packaging general manager, said the investment will further allow the company to develop its presence within the rigid food packaging sector.
The company will be investing the money in new equipment which it says will provide additional capacity to further develop its meat-tray business.
With a 19,000m2 facility in Ballyconnell, and a workforce of more than 140 people, the company manufactures a range of plastic packaging products. These products include rigid packaging for the food industry, and flexible packaging for industrial and agricultural applications.
The machinery will be supplied by SML, an Austrian company which specialises in building high performance extrusion equipment.
Karl Stoeger, SML managing director said he looks forward to supplying Quinn Packaging with a new state-of-the-art sheet line. QIHL said it has created 74 new jobs since it was established in December 2014 and has recently taken delivery of phase one of a major capital investment programme to replenish the 140-strong Quinn Haulage fleet.
QIHL made a loss of €4m in its first six weeks of operation, according to accounts filed with the companies office late last year.