Major capital expansion has begun at Croda’s Hull manufacturing site in Yorkshire. The £27 million investment project will nearly double existing capacity.
According to the company, the project is in line with its strategy to invest in faster growth markets, which will enable it to satisfy growing demand for its polymer additives often used for scratch resistance and stability of plastics used in packaging.
Steve Foots, Croda Group’s chief executive, was quoted saying, “We are hugely proud of our Yorkshire heritage, so I am delighted to be here with the Lord Mayor of Hull, his colleagues and other members of the Croda board and executive committee to mark the start of the construction phase of this major project, one of the largest capital investments we have ever made at any of our European operations. The project will combine cutting edge technology with optimized production and process efficiencies ensuring that Croda can continue to supply the highest performing and most innovative products to our customers across the world.”
Justin Williams, Hull site director, said, “The longer term benefit of this project will be seen across the entire supply chain through a significant increase in the demand for locally grown natural raw materials. With our focus on improving the efficiency of the new and existing facilities, we are showing our ongoing dedication to the sustainable production of the products our customers need to satisfy consumer demands.”