U-Pol set to invest £5.3m
U-Pol is set to invest £5.3m in a major overhaul of its Denington Road, Wellingborough production facility.
The investment – based on the Industry 4.0 trend of automation and data exchange – will see the facility transformed over the next 18 months.
Guy Williams, CEO U-Pol Ltd, said, ‘U-Pol has been undergoing an unprecedented transformation over the past 12 months to ensure the business remains competitive in the markets it serves. No stone has been left unturned in our quest to meet our sole goal of increasing world-wide sales and productivity in order to ensure the continued future growth of the business.
‘We are now poised to start the next phase of our process, to evaluate the production processes in place at our Denington Road site in Wellingborough with the intention of investing in new equipment, personnel training and production processes. It is our intention to automate many of our production processes enabling us to increase productivity and ensure we gain a market leadership position in what is a hugely competitive market, not just here in the UK, but throughout the world. This follows significant investment in the last 12 months in R&D, our brands and commercial functions.’
He continued, ‘This investment is a hugely positive step forward for the business. We will be conducting a full consultation process with all employees whose roles may be affected by our plans. The clear intent of U-Pol will be to minimise the impact of our modernisation plan, on the existing workforce.
‘While in the short term, this will be a challenging period for our U-Pol colleagues that are affected. The investment in our site, creates the capacity for significant future growth and stability. Therefore, this ensures that in the long term, U-Pol will remain a committed and significant employer in Wellingborough, and Northamptonshire.
Currently 200 people are employed at the production facility. A six week consultation process is now underway.