Prepress
FFEI Announces Major Investment
Thursday 06. June 2013 - FFEI to invest over £2m in all new technology centre in Hemel Hempstead
FFEI announced today that it has acquired an all-new facility for its product development and manufacturing operations in Hemel Hempstead, UK. Including a bespoke, modern fit out, the company announced it has committed over £2.0m to the project, which will see it move from its currently leased facilities to an all-new, fully owned, premises.
“We are delighted to announce this investment, which underlines our commitment to the business,” says Andy Cook, Managing Director, FFEI Ltd. “We have a lot of new products being developed both in our Digital Printing and Life Science businesses that need both flexible and modern facilities. Today’s announcement will give the organisation the environment it needs to ensure our on-going success.”
Earlier this year the organisation was awarded its third Queen’s Award for Enterprise in the Innovation category, demonstrating the importance placed on innovation and product development. With this announcement, the organisation will continue to build on its strong ethos of product innovation.
“Building on the success of our Inkjet Label press, Caslon, we plan to introduce several new Inkjet products later in the year, which required a major investment in our infrastructure,” continues Cook. With our strong financial position we felt it was the right time to acquire a new building and position the company for growth.”
“With the success of our RealPro Workflow and packaging software products announced earlier this year, the next few months will be focused on modernising our infrastructure and launching these new digital printing devices. Alongside our market leading CTP product range, we expect a busy and exciting time for the organisation.”
The company will begin the transition to its new facilities in early July once the building fit out is complete. The existing facilities will be run in parallel for a short period to ensure a smooth transition and minimal impact on customers. A team at FFEI have been planning every detail of the move for some time and will be notifying customers and business partners in the next few days about the final details and timing.