Burnley-based Learoyd Packaging has invested over £1.75 million in a new Windmoller & Holscher colour printing press to meet increasing demand.
The packaging firm - which employs 150 people - installed the new printing press after obtaining a £1.25 million funding package from Lombard, the asset finance arm of the Royal Bank of Scotland.
The new machine, which uses up to eight colours to produce printed reel plastics, is expected to help the company meet its customers' demands for a speedy, high-quality service.
Allan Ferguson, managing director of Learoyd Packaging, said: "As the business expands it is critical that we continue to provide customers with the product and service they are used to.
"To achieve this we have made significant investment in our production facilities during the last few years and we are confident this will support future business growth."
Helen Cutler, relationship manager from Lombard, said: "Learoyd is a well run business that is always looking to improve its performance by investing in new technology. This investment will undoubtedly strengthen its manufacturing process and help it maintain an edge in the market."
Learoyd Packaging - which has seen a rise in turnover from £10.5 million to £16.5 million over the past four years - works with a number of leading food manufacturers such as Cadbury's, Muller and North West bakers Warburtons.
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