Eurostampa has unveiled a new facility in Cumbernauld, creating 90 new full-time roles and safeguarding 12 jobs.
The family-owned Italian packaging company's multi-million pound investment will almost double the size of its previous factory space in Glasgow.
Eurostampa was founded in Italy in 1966 and produces labels for the wine, spirits, champagne, food and chocolate industries.
In 2011, Eurostampa acquired Gilmour & Dean, originally founded in Glasgow in 1846.
By moving to a larger, more bespoke factory, Eurostampa should be able to increase capacity to meet market demand, as well as significantly reducing its carbon emissions.
Steven Thompson, chair at Eurostampa UK, said: “Eurostampa is making the single biggest investment in the company’s history here in Scotland and this underlines our commitment as a strategic supplier to the Scotch whisky industry.
“As a family business, investment is core to our strategy and we are delighted with the grant from Scottish Enterprise, but also with the support that they have given throughout the project.
“As well as providing us with the capacity to meet our increasing customer demand, our new facility in North Lanarkshire will provide us with the opportunity increase efficiency through an optimised manufacturing process that will put us well on track to achieving our sustainability targets.”
Scottish Enterprise gave the business a £2.5m grant and it was opened with a visit from Finance Secretary Shona Robison.
“Attracting businesses to invest in Scotland has a critical role to play in shaping and growing our economy and positioning us to thrive in the global marketplace,“ she commented.
“These latest figures show that Scotland is a dynamic, open nation with an outward facing economy - as demonstrated by Eurostampa’s welcome decision to expand its operations in Scotland.”
New figures revealed by Scottish Development International (SDI) have shown that thousands of jobs have been created and secured over the past year as a direct result of inward investment.
More than 8,500 planned real living wage jobs were generated through inward investment in 2022/2023, the highest number of planned jobs secured since 2018/2019.
The figures, which combine inward investment projects supported by SDI, Scottish Enterprise, Highlands and Islands Enterprise, South of Scotland Enterprise and Skills Development Scotland, were announced by Scottish Government.
A total of 8,533 jobs were created or safeguarded through inward investment, an increase of 9% compared to the previous year.
Of these jobs, more than 99% (8,519) pay above the real living wage - an annual salary of at least £19,305 based on a 37.5 hour week - with inward investment projects being located in 20 different local authorities in Scotland.
Energy transition was the most common type of inward investment project supported and North America was the leading origin of inward investment projects supported.
Adrian Gillespie, chief executive of Scottish Enterprise, said: “These are fantastic results and show Scotland remains an incredibly attractive location for global firms to not only locate in, but to also put down roots and develop a sizeable presence here.
“Inward investment projects not only deliver high-quality, well-paid jobs, they can also act as a catalyst to accelerate innovation in fast-growing industries.
“For example, the US satellite communications company Mangata’s investment in Prestwick will not only create almost 600 jobs, but will be transformative for Scotland’s whole space sector, delivering new supply chain and international opportunities.”
Last month, Japanese firm Sumitomo Electrical Industries announced plans to develop a power cable facility in the Highlands to support the growth of the offshore wind sector.
Vicky Grant, head of international trade and investment at Highland and Islands Enterprise, said: “As Scotland’s development agency for the region, we work closely with companies looking to invest here.
“We help them identify the ideal location, find premises, help with recruitment and training, and can often also help financially.”
In the south of Scotland, Smart Green Shipping announced a new headquarters in Dumfries, following a £1.8m grant from Scottish Enterprise towards a research and development project, alongside support from South of Scotland Enterprise.
Russel Griggs, chair of South of Scotland Enterprise, said: “In the south, we are committed to working with our Team Scotland partners to build on these results.
“This includes the recently published South of Scotland regional proposition and South of Scotland Enterprise’s new Five-Year Plan which aims to improve the lives of local people.”
The new figures are supported by a soon-to-be-published independent evaluation report, led by Aston University, which finds that delivery partners’ and Scottish Government support, together with the skills of Scotland’s workforce, are key factors in influencing investors’ decisions to locate in Scotland.
This will report the detailed impact of support on jobs and wider benefits to the Scottish economy, such as supply chain development and knowledge transfer.
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