In turn, we increased our market share and continue to support our valued customers with high quality board and cases for their own sheet feeding and manufacturing operations.

Not without its challenges, we closed the door on 2023 proud of our achievements and looking forward to what 2024 had in store for us.

Perhaps the biggest event that will occur in 2024 will happen within the first few weeks. The opening of our new Scotland manufacturing site, Eurocentral.

Capable of producing c. 100 million metres squared per annum, its capabilities and capacity are huge. It can manufacture a wide range of flue types including B, C, M, E, BC, MB, and EB. It is expected that it will manufacture 10% of the overall Board24 production volume in its first operational year.

Our values and the positive impact on our business

Intrinsically woven into the business since the relaunch in the summer of 2023, are our company values. The BOARD values will undoubtedly shape 2024 and this is how.

BRAVE – We will continue to challenge perceptions, be brave in seeking new opportunities and investment and encourage our people to be brave to ensure they benefit from being part of our team.

OUR FUTURE – Our leadership team continue to place the strategic future of the business high on the agenda. Eurocentral is a significant step in shaping the future of our business and the corrugated board manufacturing industry in the UK, and we are proud to be playing a pivotal part in that.

ACCOUNTABLE – We are all part of the team, and practising accountability means that those teams run much more smoothly. Each person has a clearly defined role and responsibility.

RESPECT – Respecting each other and the contributions we make to the business ensures our day-to-day activities operate generally without conflict. Our teams also afford our customers the upmost respect, and are known for their knowledge, professionalism and determination to succeed.

DRIVEN – Our team members are driven and determined to offer market leading service and product. Furthermore, they are also determined to succeed personally with many of our team ambitious for learning and career development opportunities.

Our customers and the marketplace

In addition to our people and our values, 2024 will also hold much positivity for our customers.

Further investment is expected to upgrade production capabilities ultimately bringing benefits to our customer base.

We expect the marketplace to mirror conditions in 2023, however, we do expect that corrugated will continue to be in high demand as a sustainable packaging material. Businesses are still making the switch and unlocking the benefits that it can bring to Environmental, Social and Governance policies, aims and goals. That said, the cost-of-living challenges we face, undoubtedly continue to have an impact on the sector.

2024 will also be General Election year and we hope whoever leads our nation, places UK manufacturing at the heart of their manifesto.

As we go through the year, I shall look forward to our team sharing our news with you, news from across the industry, and to a prosperous 2024 for us all.

With Best Wishes

Dominic

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