UAE’s Hotpack enters the UK market with GBP50 million investment
* Hotpack to invest GBP50 million in the UK
* Will add 250 jobs
*Company has AED700 million yearly turnover
UAE-based food packaging materials major Hotpack is planning to set up a manufacturing facility in Wrexham – Wales, England at an investment of GBP50 million.
The Wrexham facility, equipped with the latest in packaging and manufacturing technologies, will operate as the UK & European head office and manufacturing facility of Hotpack., the company said in a statement.
The Dubai-headquartered Hotpack Packaging Industries, which is part of Hotpack Holding & Investment Group, is one of the leading manufacturers and wholesale distributors of disposable food packaging, serving and related products in the Middle East region.
The announcement of expansion comes after the recent visits of Lesley Griffiths, Welsh government cabinet secretary for environment and rural affairs, and Philip Parham, UK Ambassador to the UAE, to the $27m Hotpack facility spanning over 360,000 sq. ft. in Dubai Investment Park.
Abdul Jebbar PB, Group Managing Director of Hotpack Packaging Industries, said, “Our efforts have been recognized by the Welsh Government and they have been extremely supportive. Through our facility, we hope to create 250 job opportunities.
“Wrexham and the immediate area are rapidly emerging as a ‘Centre of excellence’ in advanced food technology and we look forward to bringing our 22 years of market leadership to enhance and support this sector with investment, job creation, training along with the very latest in production lines,” he added.
Ken Skates, Economy Secretary for the City of Wales, said, “Our aim is to have sustainable growth in Wrexham and we are extremely supportive of new industries and companies to open their facilities in the city. Hotpack is bringing innovative technology in the food manufacturing sector to the city.”
Hotpack has as an annual turnover of AED700m and currently has operations in seven countries across Asia.
The group said that it was eyeing further opportunities across various global markets.