Princes completes first stage of £60m investment

Finance

International food and drink group Princes has completed the first stage of its £60 million investment into its Cardiff manufacturing facility. 

The investment is set to double production capacity at the manufacturer’s Cardiff site, with the addition of seven new soft-drink production lines and upgrades made to two existing lines. 

Princes will be able to expand its production range, alongside introducing a range of new packaging sizes and formats.  

As a result of the investment, 50 new jobs will be created in addition to the 80 new employees the investment has already provided. 

“This is an important milestone in our £60 million investment programme at Cardiff, which will future-proof the site and our manufacturing capabilities, increase production and enable Princes to enter new markets,” Princes chief operating officer Barry McDonnell said.  

READ MORE: Kraft Heinz to invest £140m into UK manufacturing

“The past 12 months have of course been challenging, however our dedicated on-site project and operational team collaborated to adopt Covid-19 secure practices, while working to meet increased customer and consumer demand for our products and progress construction works.  

“We’re delighted that this significant investment remains on track for completion in 2021 as a result of their hard work. 

“Through this development programme, we are firmly committed to contributing to a sustainable and successful future for the soft drinks industry and British manufacturing overall, and providing long-term, high quality employment opportunities in the area.” 

Construction will be continuing throughout the rest of the year; however, the factory will remain open and fully operational during the development of the new investment.  

Finance

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