Member Article

Leeds packaging firm LVF invests £530k in new machinery to increase productivity 25%

Leeds Vacuum Formers, the West Yorkshire-based thermoformed packaging firm, has invested £530k in two new pieces of machinery that it says will increase its capacity by 25% and initially create 5 new jobs.

The company, which has seen over 10% growth every year for the last six years, this month placed orders for a £400k Kiefel Thermoforming machine and a Siropack padding line costing £130k.

Nigel Coates, managing director of LVF, said: “The growth we’ve enjoyed over the last few years has been the result of hard work and significant investment back into the business.”

“Looking forward, we felt the time was right to spend again – not only to help us maintain the kind of business growth we’ve become accustomed to, but to provide the capacity and capabilities needed to grow even more quickly.”

“This investment puts us in an extremely strong position in terms of being able to extend the level of service we offer existing customers, and being able to go out to the market safe in the knowledge we have the capacity to deliver what new customers want, when they want it.”

“And with the increased capacity comes the job creation – something we’ll be looking at early in 2015.”

LVF’s recent investments included £100k spent on the expansion of its tool room and the purchase of a third CNC milling machine earlier this year.

This followed £50k being spent on a second CNC milling machine in 2013 and £400k being invested in a Kiefel thermoforming line in 2012.

The company has also invested £90k in a variety of green initiatives over the last 12-months, which have significantly benefitted the both itself and the environment.

This was posted in Bdaily's Members' News section by Clare Burnett .