Food packaging specialist Faerch Durham has managed to dramatically boost operating profits despite facing cost increases.
The North East operation of the Danish packaging group saw a near 150% increase in operating profit to £9.8m in 2022 on the back of a 38% increase in turnover to £160.26m.
Accounts for the Dragonville Industrial Estate factory – which makes rigid plastic food packaging such as microwave meal containers and fresh meat packs – show production staff numbers grew considerably between between 2021 and last year though its number of administration staff nearly halved.
Source: BusinessLive
