SNAITH, UK: Croda International Plc has invested £27 million in expanding its Hull manufacturing site in the UK, which will nearly double existing capacity.
The £27 million ($33.52 million) investment is in line with the group’s strategy of investing in faster growth markets. It will enable Croda to satisfy growing demand for its renowned polymer additives through to 2030 and beyond.
The Hull site is one of three polymer additive manufacturing plants in Croda, with the others located in Gouda, Netherlands and Mianyang, China. The plants produce fatty acid amides and innovative slip additives including Incroslip SL, the ultimate in high slip and stability. This investment further strengthens Croda’s commitment to the global polymer market and enhances its position as the market leader in this technology.
"Croda is committed to offering the highest quality products delivered with world class service. This significant investment at our Hull manufacturing facility will allow us to meet our customers’ increasing demands in a growing market and to further develop our innovation pipeline,” said Mike Millington, global managing director polymer additives, Croda.
“This strategic investment highlights Croda’s commitment to UK manufacturing and provides job security for our local workforce. Our increased capacity will combine cutting edge technology with optimised production and process efficiencies to ensure that we continue to supply the highest performing and most innovative products possible,” added Carl Evans, Hull site director at Croda.
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Read More: Croda to expand polymer capacity in UK; invests £27 million
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