Palletline is set to embark on a programme of investment. 

The announcement follows the company’s successful performance in 2021 which saw a 19.4% increase in turnover and a new milestone of five million pallets per year.

However, Palletline recognises that the challenges ahead within the UK economy coupled with global influences will further impact the ever-changing market landscape.

In order to mitigate this and ensure sustainability, it was crucial they had the right platform and structure in place to facilitate continued expansion and drive the business forward.

A detailed evaluation of the market undertaken by the company has clearly demonstrated that the shareholder model, as such the company is now in a strong position to invest in property, its network, new technologies and service.

The next two years will see an investment of more than £6m across the business, making it one of the most significant financing programmes the company has embarked upon in its 30-year history.

New developments will incorporate investment in property and infrastructure including the expansion of Palletline’s Coventry and Birmingham sites as well as the announcement of a new five-year contract with Linde which will see a new fleet of forklift trucks being introduced across the business, ten of which will be electric.

Graham Leitch, Managing Director, Palletline Group, said:

 “Palletline was the first network to be established in the UK and we are incredibly proud that we continue to boast a market leading model which has stood us in good stead over the past 30 years.Palletline continues to be the only network owned and controlled by its members and, as such, are seen as the network of choice for regional logistics companies who want to enjoy this and other benefits."