Zeus to expand capacity of Aldar Tissue in Ireland

摘要

Irish packaging producer Zeus Packaging has announced a €15m investment in Dublin-based tissue manufacturer Aldar Tissue. Zeus acquired Aldar Tissue in 2019 as part of a three year €40m acquisition strategy which concluded in February of this year. Zeus will invest €10m in the construction of a new 9,300 m~2 production facility in Rathcoole, which is to replace the existing facility. Located close to Zeus' headquarters and the distribution centre in Dublin, the new facility will be ready to start up in early 2022. A further €5m is planned to be invested in two new fully-automated production lines. The new facility will enable Aldar to quadruple its tissue capacities and to increase its market share in Ireland and its exports to customers in the UK and Europe. Zeus CEO Keith Ockenden commented: "Aldar is one of only two toilet tissue manufacturers on the island of Ireland, who combined represent just 20 per cent of the market. The rest of the Irish toilet tissue market is completely reliant on import. Not only is this a negative from a sustainability perspective, it also highlights the additional challenges brought on by Brexit and the knock-on impact of high distribution costs on the consumer. At Zeus, we wish to remove this reliance in the Irish market on UK and European imports by strengthening indigenous manufacturers such as Aldar."