20.8 C
Dublin
Friday, July 19, 2024

Biopax Opens £47m Green Packaging Factory In Belfast

Date:

- Advertisement -

Biopax Limited, a sustainable packaging and label manufacturer for the food service and retail sectors, has opened its new £47 million factory in Belfast. The company, founded by Dr Terry Cross, has invested significantly in research and development and green technology, making the new factory a unique opportunity for investment.

The project has been supported by InvestNI with a £4.69 million investment and is expected to generate more than £5 million for the local economy, creating over 100 new technical jobs.

The opening of Biopax Limited’s new factory is exciting news for the sustainable packaging industry, as it marks a significant step towards a greener future. With a focus on creating environmentally friendly packaging solutions, Biopax Limited is leading the way in the packaging industry, providing a sustainable alternative to traditional packaging methods.

The factory’s dual market access provided by the Windsor Framework makes it an attractive supplier to potential customers in the EU and other parts of the UK, positioning Biopax Limited as a leader in the sustainable packaging industry.

Company and Mission

Biopax Limited is a company that has made significant investments in research and development, and green technology, to create sustainable packaging and labels for the food service and retail sectors. The company was born out of a passion for developing green packaging solutions, and its owner is Dr Terry Cross.

Biopax Limited has become a leader in the field of green packaging solutions, and its products have been well-received by customers in the UK and the EU. One of the key strengths of Biopax Limited is its commitment to sustainability and the environment. The company’s focus on green technology has allowed it to develop innovative solutions that are both environmentally friendly and cost-effective.

Biopax Limited’s investment in the new £47 million factory in Belfast is an exciting opportunity, which will allow the company to expand its operations and create good, experienced technical jobs. With its dual market access provided by the Windsor Framework, Biopax Limited is well-positioned to become a major supplier of sustainable packaging solutions to customers in the UK and the EU.

Factory Details and Impact

The new £47 million facility in West Belfast is set to make a significant impact on the local economy. The investment will create over 100 jobs, including apprenticeships, and generate more than £5 million in revenue.

The expansion will also double the size of the existing site, which will increase the production capacity of the company, allowing them to meet the growing demand for sustainable packaging solutions. The investment in the new factory showcases Biopax Limited’s commitment to the environment and their innovation in green technology.

The creation of good, experienced technical jobs will provide a boost to the local community, and the support provided by InvestNI with £4.69 million investment demonstrates a partnership between the government and the private sector.

The Windsor framework, which provides dual market access, will enable the company to supply their products to potential customers in the EU and other parts of the UK. Overall, the new factory is a positive development that showcases the potential of sustainable packaging solutions.

Market and Investment

With access to both the EU and UK markets and a focus on sustainable solutions, Biopax Limited’s investment in research and development and new technology positions them well to meet the demands of environmentally conscious customers. The Windsor Framework, which protects Biopax Limited’s position in terms of how they source and supply their products, also makes the company an attractive supplier to potential customers in the EU and other parts of the UK. About 80-90% of the company’s raw materials will come from either GB or the EU, creating a strong foundation for their market presence.

Biopax Limited’s investment in tech and research and development is commendable, especially in the context of the current environmental challenges that the world is facing. The company’s commitment to creating sustainable packaging and labels for food service and retail sectors is a step towards a greener future.

With the new factory in Belfast, Biopax Limited is set to generate more than £5 million for the local economy, while creating salaries of £5.4 million for the local workforce. Additionally, the creation of good, experienced technical jobs in the region will help boost the local economy and provide employment opportunities for skilled workers.

- Advertisement -

Related Articles

Lisa
Lisa
Lisa is a skilled writer with a huge passion for journalism. With a talent for storytelling and a deep understanding of current events, she has quickly become a respected journalist in the industry. Lisa's articles are always well-written and thought-provoking, and she has a knack for finding the most interesting angles on any story. She is known for her ability to connect with her readers and engage them in the issues that matter most. Lisa is a dedicated journalist who is passionate about making a positive impact through her writing. When she's not working, Lisa enjoys hiking, yoga, and spending time with her loved ones.

Share post:

Subscribe

Popular

More like this
Related

Minister Proposes Doubling Maternity Benefits Linkages

The Minister's recent proposal to double maternity benefits has...

Revolut Strengthens Security Measures Amid Customer Scams

In an era where digital fraud and scams are...

Record Labels Sue Udio: AI Music Battle

The clash between record labels and Udio over AI-generated...

Court Battle Unfolds Over Unexpected Pharmacy Closure

The court battle stemming from the abrupt closure of...