Dubai-based packaging company Hotpack Packaging is set to create 250 jobs in Wrexham, supported by the Welsh Government and the Development Bank of Wales.
The company has completed the purchase of property and land at the Llay Industrial Estate in Wrexham with a view to creating 250 manufacturing and warehouse jobs on the site over the next three-to-five years.
The decision to locate to North Wales was made following support and advice from the Welsh Government as well as a £1.5m loan provided through the Development Bank. The loan is the first in North Wales to come from the Welsh Government’s £100m Wales Flexible Investment Fund.
Hotpack’s site in North Wales is expected to bring £50m of inward investment to the region. Wrexham received competition for the new facility from Slovakia and other European countries.
Economy secretary Ken Skates said: “I am delighted that following a period of close working between Welsh Government and Hotpack Ltd, and £1.5m of support through the Development Bank, the company has made the decision to move to Wrexham.
“With a business plan that expects to deliver 250 jobs over the next three years, I am confident that Hotpack’s move here will bring genuine benefits to the local economy and community, and I look forward to visiting when the new facility is up and running.”
Hotpack Packaging global managing director Abdul Jebbar added: “From our very first visit to region, the people of Wales and in particular Wrexham, offered us an exceptional levels of support, both personally and commercially.
“We were particularly impressed to by the assistance of Economy Secretary, Ken Skates and Rural Affairs Secretary, Lesley Griffiths, other local politicians and Wrexham Council.
“The Welsh Government’s business support team have worked closely with us throughout our fact-finding visits.
“Having now completed on the site purchase, we have already commenced the site factory and development and we look forward to a long and mutually prosperous relationship with the people and businesses of Wales.”
Hotpack will share the site with existing occupier Sharp.