Woodmarque has revealed plans for an £8 million investment to develop their factory, infrastructure and machinery and to create 150 new jobs over the next five years.
This investment will also see the development of a further 100,000 square feet of factory and storage warehousing on the site, coupled with a research and development centre and an Apprenticeship Key Skills area.
Announcing the proposed investment Ronan Quinn, managing director of Woodmarque, said: “We have worked hard to forge relationships with key clients and grow our business, particularly into export markets resulting in sustained growth in recent years.
As part of our five-year growth strategy, we are now looking to extend our facilities and grow our team. We plan to double our current floor space which will enable us to develop new and existing products and seek further business opportunities across other sectors.
The additional warehouse and storage space will also help to make our business more resilient allowing us to store more production materials and completed product.
This will help to provide certainty to clients and help protect against any negative supply chain problems caused by Brexit.” The Grenfell Tower tragedy has resulted in huge refurbishment schemes across the UK, in particular in London. As a leading fire door manufacturer this has led to increased demand for our fire door and screen products as many councils seek to refurbish and upgrade their buildings. We are committed to innovation as a means of driving future growth in the company and this investment aligned with R&D and testing will be key in development of products and processes.
This investment represents a real boost for the local workforce and will provide excellent opportunities for apprentices, graduates and experienced professionals who want to make their mark in a growing company.
Woodmarque will begin a consultation into their planned development over the coming weeks ahead of a full planning application.