TRM plans to up investment to hit £50m goal

INDEPENDENT Lancashire packaging group TRM Packaging has announced plans for a multi-million pound investment to help it grow turnover from £38m to £50m in the next three years.

The company, which counts whisky maker Whyte & MacKay and Kerry Foods among its major customers, is planning to invest £8m to expand its onsite corrugator and the capability of the plant, in addition to a £3m investment in a seven colour printer in late 2013.

The project will be funded from internal resources. TRM, which employs more than 230 people at its Ormskirk site, is investing to keep itself at the cutting edge of the market.

Chief executive and 60% shareholder Trevor Maund said: “This upgrade to the operation is a culmination of our plans to make TRM’s operation the most capable integrated box plant within the UK.
 
“The success of the business has come from its focus on meeting customer requirements and developing the skills of the workforce to deliver the best quality boxes that satisfy the needs of the whole supply chain. We pride ourselves in giving customers solutions that best fit their business and this is a further demonstration of our commitment to that promise.”

The company recently hired Matt Enwright as its finance director to help deliver the growth plan.