SCA Announce £1m Investment
SCA Foam Products has launched a £1m four-year investment programme at its plant in Spennymoor, County Durham.
SCA announced their approval a significant investment of £350,000, which will be spent this year to provide upgraded plant facilities, security and operational improvements to the manufacturing plant.
Spennymoor will also be the first of six of their foam products plants to benefit from a £500,000 investment in their new computer business system.
The investment will help safeguard the jobs of 53 workers at Spennymoor. Regional development agency One North East has also awarded a Grant for Business Investment of £147,000 to the company.
Jonathan Haddock, Managing Director of SCA Foam Products, said: “We are delighted to have the commitment of SCA and The Regional Development Agency to help secure the future of the Spennymoor plant and safeguard employment in this area.”
SCA Foam Products plant in Spennymoor has remained successful since first opening in 1996 by diversifying from producing packaging materials into the manufacture of components for the automotive industry such as floor levellers, impact protection, headliners, knee bolsters etc.
One North East Director of Business and Industry, Ian Williams, said: “It is testament to the workforce and management of SCA that it has taken the hits of losing large packaging material clients and has still remained competitive in the marketplace.
“I’m pleased One North East has been able to help the company secure its future at Spennymoor and continue build its reputation and profile in the automotive industry.”
The improvements at the Spennymoor plant will allow continued automotive component manufacture and future expansion into new markets. This investment demonstrates SCA’s commitment to automotive customers and the UK automotive industry.
The Grant for Business Investment is part of Solutions for Business, the Government’s package of publicly funded support products offering help to companies to start, grow and succeed. Solutions for Business makes it easier for companies to get the advice and assistance that they need.
For further information on the full package of support, visit www.businesslink.gov.uk/northeast or Tel: 0845 600 9006.
The Grant for Business Investment (GBI) initiative delivered by One North East is part funded by the European Regional Development Fund 2007-13.
Tags: Investment