Plastic bag manufacturer and packaging distributor Reynopoly has begun building a new 24,000ft² manufacturing facility in Peterborough which will give it double the space of its existing factory.
The move, said to be in response to surging demand for its high quality poly bags, coincides with its purchase of a 5-acre site in the city’s Edgerley Drain Road in a joint £20M deal with confectionery manufacturer Barnack. The site will be developed to provide new premises for both firms as well as 31 industrial units.
“We have already received interest from businesses looking to lease premises and predict the entire site could create around 700 new jobs,” enthuses partner Stephen Reynolds. “Our hi-tech plant, expected to be complete by October, will accommodate more bagmaking machines and provide substantially increased warehouse space.”
Reynolds says growth in poly bag demand, particularly, has seen Reynopoly’s turnover leap by some 10% year-on-year over the past 3-4 years. A big supplier to the food industry, the company is also a major stretchfilm converter.