Clifton Packaging plans two-year, 'seven-figure' investment on equipment for its flexible packaging plant in Braunstone, England; goal is 10% yearly turnover growth in 2012, 2013

LOS ANGELES , January 3, 2012 () –

Clifton Packaging Group PLC plans a “seven-figure” investment at its Braunstone flexible packaging plant in the U.K., said the Leicester, England-based company’s managing director, reported the Leicester Mercury on Jan. 3.

In January, £500,000 (US$783,257) is to be spent on a piece of new equipment, and this will be followed by further investment in 2013 “if everything goes to plan,” said Shahid Sheikh, who is also the company’s chairman.

The company, which makes plastic packaging for snacks and chilled meat, expects its capital spending will create new business. It aims to boost its turnover by 10% per year in 2012 and in 2013. Turnover was £10 million in 2011, the Leicester Mercury reported.

In 2011, Clifton Packaging spent between £500,000 and £600,000 on new equipment but kept the news “low key,” said Sheikh, adding that one of the machines cuts packaging more efficiently, and another cuts air pollution from solvents used in manufacturing.

The 30-year-old company, which was started by Khalid with his brothers, aims to hire a sales staff for the first time in its history as it attempts to leap into the “Champion’s League,” said Sheikh. In the past, sales have been generated “through word of mouth,” he said, reported the Leicester Mercury.

Clifton Packaging specializes in specialty packaging that requires “the expertise and equipment” that is not found at any other company in the U.K., Sheikh said.

Benson Group, another Leicestershire packaging company, last month announced it would expand its carton production facilities, and said it was on track to boost its turnover to £120 million this year from £108 million in 2011, the Leicester Mercury reported.

The primary source of this article is the Leicester Mercury, Leicester, England, on Jan. 3, 2012.

 

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