The £10m-turnover business, which extrudes and converts polythene for the industrial market, is planning to open the new 1,000m2 facility in July.
Richard Gibson, the firm’s managing director who founded the family business in 1980, said that the investment was part of a plan to double the size of the business within five years.
Marpak was founded in 1980 and supplies sheets and bags for pallet protection to transport products including glass, furniture and building materials.
The project will give the firm 8,000 tonnes/year of extra capacity and comes after a year in which Marpak’s exports grew by 60%, according to Gibson.
“We started exporting three years ago to capitalise on the low value of the pound and have built up strong demand in Egypt, France, Denmark, Sweden, Holland, Germany, and Poland,” he said.
‘Attack import market’
He added that the extra capacity would also allow Marpak to serve local demand for material that is currently imported.
“Some UK businesses acquire extruded polythene from European importers and we also aim to attack this market which, if successful, will help keep more business within Britain.”
Some 12 new jobs will be created at the firm as a direct result of the move, which has been funded by Yorkshire Bank’s Investing for Growth initiative.
Yorkshire Bank Leeds’ Nigel Scarth, who arranged the Marpak funding, said: “The rebalancing of the UK economy will not come from any single dramatic move but by thousands of smaller ones in which first-class operations such as Marpak Extrusions take advantage of growth opportunities and create wealth and jobs as they expand.”
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