Croda announces start of its £27m investment project in Hull

By Hull Daily Mail | Posted: 18 May 2017

A major investment that will almost double capacity at Croda's manufacturing site in Hull has kicked off.

The speciality chemicals company is investing £27m in its facility in Oak Road, in a move designed to safeguard jobs while boosting innovation and productivity at the site.

The investment is expected to create numerous jobs through the construction phase, as well as laying the foundation for future jobs growth.

A ceremony to celebrate the start of the project was attended by business figures and local councillors, including the Lord Mayor of Hull, Councillor Sean Chaytor.

Croda's group chief executive, Steve Foots, said: "We are hugely proud of our Yorkshire heritage, so I am delighted to be here with the Lord Mayor of Hull, his colleagues and other members of the Croda Board and executive committee to mark the start of the construction phase of this major project - one of the largest capital investments we have ever made at any of our European operations.

"The project will combine cutting edge technology with optimised production and process efficiencies ensuring that Croda can continue to supply the highest performing and most innovative products to our customers across the world."

Croda was founded in 1925 and creates high performance ingredients and technologies that are used in thousands of products worldwide, from personal, healthcare and homecare products to lubricants, food and cosmetics.

The company employs more than 4,200 people worldwide – including over 190 people in Hull.

Justin Williams, Hull site director said: "This strategic investment will provide job security for our workforce and is aligned with the Government's Northern Powerhouse initiative to boost investment in science and innovation. The longer term benefit of this project will be seen across the entire supply chain through a significant increase in the demand for locally grown natural raw materials."With our focus on improving the efficiency of the new and existing facilities, we are showing our ongoing dedication to the sustainable production of the products our customers need to satisfy consumer demands."

The Hull site is one of three polymer additive manufacturing plants operated by Croda.

Croda said the investment will enable it to satisfy a growing demand for its renowned polymer additives – a technology used by global manufacturers to overcome issues like friction, scratch resistance and stability of plastic materials used in industries such as packaging and automotive.

The project is due for completion in 2018.

Cllr Chaytor said: "I am delighted to be here today to witness this important milestone in Croda's growth strategy. As a key employer in Hull and the surrounding region I am delighted that Croda has chosen to invest here, and in doing so is safeguarding local jobs with the hope they will create further opportunities in years to come."



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