SAICA Packaging UK has announced a mixed bag of restructuring measures, which include a £40m investment in facilities but also the possible closure of two sites with the loss of up to 264 jobs.
SAICA said it was consulting on making up to 264 posts redundant and was looking at closing plants in Aylesford in Kent by the autumn and at Winsford, Cheshire, by the spring of 2010.
At the same time, the Spanish firm is planning to invest £40m in its facilities, predominantly in Wigan, Thrapston in Northamptonshire and Thatcham in Berkshire, and would create more than 100 new jobs.
SAICA executive vice-president Ramón Alejandro said the investment showed the firm's "commitment to creating a world class manufacturing capability in the UK".
"We believe the long-term prognosis is good and we want to be in a position to provide the best possible service to UK-based customers," he said.
Alejandro said the investment would include the purchase of two 2.8 corrugators.
SAICA, Sociedad Anónima Industrias Celulosa Aragonesa, bought SCA's UK corrugated business for £100m. It currently employs some 2,000 people in 19 sites across the country and has a turnover of €430m (£386.5m).
After the acquisition, it announced it would build a £250m recycled paper mill near Manchester.
Source: packagingnews
SAICA said it was consulting on making up to 264 posts redundant and was looking at closing plants in Aylesford in Kent by the autumn and at Winsford, Cheshire, by the spring of 2010.
At the same time, the Spanish firm is planning to invest £40m in its facilities, predominantly in Wigan, Thrapston in Northamptonshire and Thatcham in Berkshire, and would create more than 100 new jobs.
SAICA executive vice-president Ramón Alejandro said the investment showed the firm's "commitment to creating a world class manufacturing capability in the UK".
"We believe the long-term prognosis is good and we want to be in a position to provide the best possible service to UK-based customers," he said.
Alejandro said the investment would include the purchase of two 2.8 corrugators.
SAICA, Sociedad Anónima Industrias Celulosa Aragonesa, bought SCA's UK corrugated business for £100m. It currently employs some 2,000 people in 19 sites across the country and has a turnover of €430m (£386.5m).
After the acquisition, it announced it would build a £250m recycled paper mill near Manchester.
Source: packagingnews
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