Home News Lytham’s VetPlus Set To Invest £2million In Its Local Innovation Facility

Lytham’s VetPlus Set To Invest £2million In Its Local Innovation Facility

0 comment

VetPlus, a family-owned business founded in 1995 by David Haythornthwaite (pictured below) in Lytham, and part of the Tangerine Group of companies, is to invest £2million in its local innovation facility. The company claims this investment will “revolutionise” its production capabilities.

Among the initiatives at the facility VetPlus is improving its liquids mixing capability, at a price of £1 million, which it describes as “the largest single project in the company’s history.”  This upgrade promises a five-fold increase in liquid processing capacity while delivering enhanced control mechanisms for crucial functions such as heating, cooling, and cleaning.

David Haythornthwaite, VetPlus Founder and Chairman, told the Business Desk.com: “Our commitment to innovation and excellence drives every decision we make. This significant investment forms part of our ambitious growth plans as we continue to expand both our product development capabilities and our international distribution network.

It not only underscores our dedication to developing world-class products, but also demonstrates our unwavering commitment to providing our customers with unparalleled quality and reliability.”

In recent years VetPlus has expanded overseas with new distributors in South America and a new business unit manager in Lagos, Nigeria and three employees are now based in a VetPlus Regional Support Office in Buenos Aires, Argentina. Expansion in South America comes alongside a similar period of growth in Africa, where VetPlus currently has distributors in Egypt and Morocco.

Joe Pierce, Head of Engineering at VetPlus, said: “This landmark investment will revolutionise our already industry-leading facility even further, allowing us to continue setting the bar for product innovation and development. In particular, the new liquids mixing element puts us out ahead of the market and the possibilities it will bring for new product development are endless! This, along with other ongoing projects aimed at automating processes and expanding production capacities, really does reinforce our position as the sector leader.”

VetPlus recorded a turnover of £14.9m, and profits of £3.45m in the year ending June 2023.

Lytham St Annes News provides locals and visitors with news across the Fylde Coast

CATEGORIES

Weather

Lytham St Annes
few clouds
77%
2.6km/h
20%
16°C
18°
16°
16°
Sun
15°
Mon
13°
Tue
12°
Wed
15°
Thu

Copyright © 2024. Lytham St Annes News. All Rights Reserved.