Transcend Packaging

Type
Business expansion
Country
United Kingdom
Region
South West (England); North Somerset, Somerset and Dorset; Somerset
Location of affected unit(s)
Caerphilly
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
102 jobs
Number of planned job creations
Job creation
Announcement Date
11 July 2018
Employment effect (start)
Foreseen end date

Description

Following the award of a contract to supply paper straws to fast food chain McDonalds, Transcend Packaging has announced that it will create 102 jobs. The company, which is in the process of relocating from Ebbw Vale to Ystrad Mynach, near Caerphilly, will receive over GBP 0.5 million (€563,000) over three years from the Welsh Government to support its development. The company currently employs 20 people and predicts that if growth plans work out, it will employ over 200 people by 2021. At present, there is no information on when the 102 jobs are expected to be filled.

Citation

Eurofound (2018), Transcend Packaging, Business expansion in United Kingdom, factsheet number 94683, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94683.