A major Louth company had two reasons to celebrate this month, as it celebrates a huge EU investment and marks its 50th anniversary in business.
Luxus, a pioneer within the sustainable plastics industry, is based at the Fairfield Industrial Estate and employs more than 150 people in the local area.
In recent years the company has gone from strength to strength, and has nearly doubled its turnover to £25 million in the last two years alone.
At a special VIP event and factory tour on Thursday January 15, Managing Director Peter Atterby celebrated the company’s achievements and praised the workforce.
Mr Atterby said: “Luxus still remains the longest established UK manufacturer to have achieved ‘A’ surface grade approval for its recycled grades for auto interior trims, and in the process we have simply revolutionised the market.
“We would not have achieved our sixth decade, however, if it wasn’t for the skill and dedication of our workforce.”
Mr Atterby also celebrated the recent £600,000 investment that Luxus received from the European Union, which it will use to help commercialise the company’s trademark Hycolene products.
Mr Atterby said: “We’re pleased that the commercial potential of our Hycolene range has been recognised by the European Union.
“This investment will enable us to effectively make a fundamental step change in our technology as we aim to replace our filled compounds with next generation reinforcing additives.”
By 2016, Luxus expects to have increased its turnover by £6 to 8 million as a result of its commercialisation project.