Paranova Allocates £20 Million for Expansion of Fibre-Based Packaging Operations
Paranova Print and Packaging has announced plans to invest £20 million over the next five years in expanding its fibre-based packaging business. A key part of this initiative is a new £6 million board plant set to open in November in Godmanchester, Cambridgeshire—its largest facility dedicated to paper-based packaging in the UK. The 98,000ft² site will include production space, warehousing (one-third allocated for seasonal demand), offices and R&D functions. The investment includes a Koenig & Bauer press aimed at improving workflow efficiency, automation, shorter lead times, and flexibility to meet complex customer needs. After this phase, an additional £14 million is earmarked for further machinery upgrades and logistics systems. The CEO emphasized the strategic importance of next-generation technology in supporting faster production cycles and market responsiveness. This follows a recent £5 million upgrade at Paranova's St Neots site earlier this year.
Topics: Capital investment Fibre-based packaging Manufacturing expansion Packaging