Hull City Council has welcomed the £27m investment by Croda Investment Plc in to its Hull facility, reinforcing its commitment to UK manufacturing with its major capital expansion.
The investment will double the existing capacity and enable Croda to meet the growing demand for their products.
Councillor Martin Mancey, Portfolio Holder for Energy City said:
“We are delighted that another global company is strengthening its presence in Hull and investing further.
“By boosting production on its Hull site Croda is safeguarding local jobs and demonstrating its commitment to the city and the UK.
“The Council’s inward investment team has been working closely with Croda to support this major investment through the Green Port Growth programme and a package of support is being delivered to support training, skills and research and development.”
Croda create, make and sell speciality chemicals that deliver real benefits to a range of diverse products including health and beauty, engine lubricants, plastics and many more.
Their business is split into three core market sectors: Personal Care, Life Sciences, made up of: Crop Care and Health Care and Performance Technologies, made up of: Coatings and Polymers, Geo Technologies, Home Care, Lubricants and Polymer Additives. They also operate an Industrial Chemicals business,
In all areas of their business their focus is on developing and delivering innovative ingredients sustainably.
The investment will not only secure existing jobs, but create further ones for the local economy during the construction phase, which is central to the delivery of our current and future aspirations of the city.
