Paranova Print and Packaging which serves leading retailers and brands across Europe with a mixture of packaging solutions such as labels, cartons and trays, has announced a major investment to expand its packaging portfolio. Set to open this November, the site will boost the group’s paperboard capacity and strengthen its fibre-based packaging offer. Over the last five years, the packaging firm has delivered strong year-on-year growth in paperboard, with the new facility representing the next phase of that expansion. “This investment marks another major milestone in Paranova’s growth and underlines our long-term commitment to the future of fibre-based packaging,” commented Jo Ormrod, CEO at Paranova Print and Packaging. The announcement follows Paranova’s recent completion of a major£5 million transformation of its St Neots fibre-based food-to-go packaging facility.