West Yorkshire-based thermoformed packaging specialist Leeds Vacuum Formers (LVF) has invested about £530,000 in two new pieces of machinery to increase its capacity by 25%.
The investment will also help in creating five new jobs in the short term.
LVF has invested about £400,000 in a Kiefel Thermoforming machine and £130,000 in a Siropack padding line costing.
Packaging Europe quoted LVF managing director Nigel Coates as saying: "The growth we've enjoyed over the last few years has been the result of hard work and significant investment back into the business."
The Kiefel KMD 78 Speedformer is manufactured in Germany and is considered to be the world's best-selling thermoforming machine. It helps in the rapid and low cost production of rigid plastic packaging products.
The machine, which will be LVF's third such machine, will be delivered in June 2015.
With Siropack's SR08 padding line, LVF will be able to bring in-house insertion of fabric soaker pads into thermoformed rigid plastic trays. This work is outsourced currently and will be worth at least £70k to the business in the first year alone.
Apart from the two machines, LVF's recent investment also includes the £100,000 that has been spent on expanding its tool room and purchasing a third CNC milling machine earlier this year.
"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," added Coates.
