With funding provided by Ulster Bank and Lombard, the Co. Armagh-based Classic Mineral Water Company has completed a multi-million pound investment in the purchase and commissioning of two new automated production lines.
When fully operational, the new lines will enable the company to boost its production capacity from 8,000 units per hour to a maximum of 20,000 units per hour.
The new equipment will also enable a near 30% reduction in polyethylene terephthalate (PET) per bottle.
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The investment comes as the company seeks to build upon its existing customer relationships. It plans to return a five-fold increase in sales by expanding its presence in Ireland and entering the GB market over the next three to four years.
"Well Positioned To Capitalise On Opportunities"
Classic Mineral Water Company CEO Liam Duffy commented, "We have an excellent, quality-driven proposition compared to other competitors in the marketplace. As the only company in Northern Ireland with certified natural mineral water status, we are well positioned to capitalise on opportunities in the soft drinks and beverage sector with a locally-sourced and premium product.
"The support of Ulster Bank and Lombard has enabled us to revolutionise a historic bottling company by introducing industry-leading technologies. These innovations are aiding growth in our current markets and their increased capacity ensures we are future-ready and able to scale our operations in response to heightened demand as we break into new and emerging markets."
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