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Food packaging firm Faerch Durham sees bumper profit growth

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.

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