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Business

150 jobs to go at carton and card factory

Despite a £500,000 lifeline from the Welsh Government and a booming global market in cartons and card gift boxes, Essentra is set to close one of its factories in Newport this year.

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Essentra’s Newport site is set to close this year

More than 150 jobs will go at the packaging plant based at Imperial Park in Coedkernew, after the multi-national posted an operating loss of £3.4m from January to June. Redundancy negotiations will now take place with the site expected to close by Christmas, although its label printing factory nearby will not be affected.

Essentra’s Paul Forman says: "It is clearly with regret that we are entering into consultation on this proposal, and I and the project management team are committed to undertaking this process in an open, honest and respectful way. The possible closure of the IP5 site in Newport is in no way a reflection on the quality or commitment of our employees."

The possible closure of the IP5 site in Newport is in no way a reflection on the quality or commitment of our employees

The factory opened in 2016, and so the closure is a dramatic reversal in fortunes for the international packaging and printing firm. The news led to a small drop in share prices for the company which has sold its site in Bristol to Euro Packaging affiliate, Broomco.

In a statement, the company said there had been a decline in its health division, which needed to be addressed.

Consolidating work at its other UK sites was one way of reducing costs for the FTSE100 company. Around the world the firm has sites in 33 countries and describes itself as a: “global manufacturers and distributors of vital component parts for hundreds of markets and thousands of products.”



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