Pontypool packaging manufacturer has growth wrapped up as turnover doubles following Finance Wales loan
Turnover has doubled at a Pontypool packaging manufacturer
since it received a £50,000 loan from Finance Wales.
Diamondpak manufactures well over 20 million cardboard packages
a year and is a leading supplier of packaging to the e-commerce and
manufacturer sectors in the UK.
The company took out the loan 4 years ago to purchase and
install a new die-cutter as well as multi-point gluing and ‘peel
and seal’ equipment.
Finance Wales’ loan, together with support from the Welsh
Government, enabled the company to introduce a new range of
packaging and boost its capacity to capitalise on the dramatic
growth in online shopping and demand for home delivery.
Annual sales of Diamondpak’s new packaging lines now exceed £5m
Diamondpak Director, Russell Davies explained the positive
long-term impact the loan has had on the business: “We’re now one
of the leading independent corrugated packaging suppliers in the UK
and we also provide a range of other specialist design
services. This means we can provide customers with the most
cost-effective packaging to suit their requirements.
“The funding and support package from Finance Wales and the
Welsh Government has had a significant impact on our business and
without it, investing in the business wouldn’t have been possible
at the time. We’ve created 65 new jobs and by increasing our
production capacity, we’ve won new contracts from both new and
existing customers and doubled our turnover. We’re continuing
to extend our product range and ramp up our production
Thanks to its award-winning consultancy and design service,
Diamondpak manufactures all packaging to customers’ individual
specifications and can satisfy both small and large order
Finance Wales Portfolio Executive, Matthew Pugh who has worked
with Diamondpak since 2011 said: “Diamondpak’s directors have a
wealth of industry knowledge which has helped them reposition their
business. They’ve spotted industry trends and successfully
moved into profitable new markets. Their efforts are
continuing to pay off and they have some exciting plans in the
“The funding package from Finance Wales and the Welsh Government
was just the start for Diamondpak. It’s been a real catalyst
for innovation and growth in the business. Diamondpak has
already implemented some significant changes and is on course for
Diamondpak is ISO9001, ISO14001 and FSC certified and supplies
an extensive range of corrugated packaging from cardboard shipping
boxes to promotional packaging as well as more intricate,
protective packaging. All its packaging is fully recyclable and its
inks and glues are water-based and solvent free.
The high strength-to-weight ratio of corrugated packaging makes
it a popular choice, with around 5 billion corrugated packages used
every year in the UK.
Finance Wales’ investment came from the Wales JEREMIE Fund which
is backed by the European Regional Development Fund through the
Welsh Government and the European Investment Bank under the
European Commission's Joint European Resources for Micro to Micro
to Medium Enterprises (JEREMIE) initiative.