The group has ordered a 64pp MAN Roland Lithoman as part of a 16m investment plan for the plant over the next two to three years, which will see the foundations laid for a further three 64pp presses. The new press is scheduled to arrive this September.
The Lithoman will join the plants existing three 64pp G16s, one G14 and a 64pp Lithoman III short-grain press.
Polestar chief executive Barry Hibbert said the group had considered building a greenfield operation, but had decided to invest in Pettys workforce. We had some very good offers from regional development agencies. We could have gone for the greenfield option, which would have given us a better layout, but that was all outweighed by Pettys workforce. They have always been flexible and have a great skill set.
Although the plant will potentially be able to house eight 64pp presses, there are no concrete plans yet for how many it will eventually have.
There had been recent industry speculation that a 64pp web from elsewhere within Polestar would be moved to Petty, and the announcement of the investment is sure to raise questions about the long-term viability of Polestars Watford plant. However, Hibbert said the two plants worked in conjunction with each other: Both are 64pp houses and theres always an element of interchange between the two.
The move will also focus attention on St Ives plans for upgrading its 64pp facility at Peterborough.
It is unknown whether the plans for the Leeds plant are linked to the up-for-renewal contract for IPCs TV listings and womens weekly magazines, which Polestar is pitching hard to retain. Obviously IPC will be interested in our investment plans, Hibbert added.
Story by John Davies
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
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"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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