One of Wales鈥 fastest growing firms, Genpower, has expanded its distribution capacity by taking 100,000 sq ft of new warehousing space in Newport.
In a major expansion the Pembroke-based firm, which appeared on last year鈥檚 Wales 50 Fast Growth list which ranks the economy鈥檚 fastest growing indigenous companies, has taken space at St Modwen Logistics鈥 St Modwen Park Newport.
The letting deal will allow Genpower to scale up its e-fulfilment service for Hyundai Power Products across the 海角视频.
The investment has also created 25 new jobs, a number that expected to increase as orders continue to rise.
Genpower is also investing in sustainability and has committed planting a tree for every order that it dispatched. The business, set up in 2006, has already planted around 230,000 trees in the past 18 months.
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Its managing director Roland Llewellin, said: 鈥淲ith such limited space in Wales we鈥檙e thrilled to have been able to secure this warehouse at St Modwen Park Newport that aligns with our own sustainability ambitions. After reaching capacity at our previous location, we needed an additional facility that could support our ambitious growth plans and net zero carbon targets.
鈥淲e have now completed the fit out of the new warehouse and have been in operation since the beginning of February.
Polly Troughton, managing director at St Modwen Logistics, said: 鈥淲e鈥檙e delighted to be working with Genpower, a local business that shares our vision in supporting the sustainability agenda, and are thrilled to be elcoming the business to St. Modwen Park Newport.
鈥淕enpower has experienced rapid expansion and it鈥檚 fantastic that we were able to accommodate a larger space for them to carry out their distribution services. We have experienced an increased demand for high-quality warehouse space at St Modwen Park Newport, and we look forward to building more sustainable warehouses to meet this demand and supporting economic growth and job creation in Wales.鈥
