Saturday 1 October 2016

Quinn Industrial Holdings ramps up investment despite threats

Published 24/04/2016 | 02:30

Earlier in the week, Sean Quinn said he totally condemned any act of intimidation. Photo: Gerry Mooney
Earlier in the week, Sean Quinn said he totally condemned any act of intimidation. Photo: Gerry Mooney

Quinn Industrial Holdings is pushing on with plans to ramp up investment in the firm despite a campaign of intimidation against some of the company's staff.

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The company, which consists of certain businesses formerly owned by the collapsed Quinn Group, said it expects to invest €14m in 2016 as it looks to increase efficiency and improve its products.

The Sunday Independent has learned that planned projects include a new extrusion line - which sees raw materials like cardboard pushed through a device in order to produce a product of a certain shape - for Quinn Packaging, and an extension of the company's cement-import facility in Rochester, Kent.

The company is looking to hire more staff and has advertised positions in the local press in the border region. It's also offering staff a £100 voucher if they bring in a new staff member who is hired after a six-month probationary period.

However, the owners of the Slieve Rushen windfarm, another ex-Quinn Group asset, have said a £4m investment in a new substation designed to feed energy into the grid is now at risk.

"We invest in and own wind farms across Europe. This is the only site which requires 24-hour protection for the site and workers."

Earlier in the week, Sean Quinn said he totally condemned any act of intimidation.

Sunday Indo Business

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