'This will provide 60 new jobs in Ebbw Vale and make the company one of the leading employers in the area, and we are very pleased to be playing a part in this.'Īccountants Kilsby Williams also played an important role in putting together the business plan and bringing the investors together. Mark Hislop, investment executive with UK Steel Enterprise said, 'Cardinal is a well-established and successful business, which now plans to move to a higher level of activity.

The balance of the new investment is made up of bank and hire purchase funding.

Cardinal has also received a Welsh Assembly grant of #1.2m. The company has invested in new equipment to manufacture the stylish paper bags favoured by clothes stores, and at the same time is changing the way it makes the traditional plastic variety.īusiness backers UK Steel Enterprise have invested #250,000 as a secured loan, while Finance Wales Investments has lent #100,000. 'Fewer retailers want to put a #100 shirt in a basic plastic bag nowadays.'Ĭardinal, which employs 73 people, has a two-fold plan. Managing director of Cardinal, Basil Tucker, said, 'These days the bag is as important as the item bought, and the trend is towards sophisticated paper bags. A SOUTH WALES carrier bag manufacturer has unveiled ambitious growth plans as it seeks to increase its share of the specialist paper bag market.Įbbw Vale family business, Cardinal Packaging, which was established in 1990, currently produces around 150 million bags a year for a plethora of clients, which include leading retail names as such as Adidas and Nike and supermarket chains Asda and Morrisons.Īs part of a #6m investment, which will create 66 new jobs, the company is looking to tap more into the growing demand for up-market paper carrier bags.

Gary glitter carrier bag