Northern Ireland's enterprise minister Arlene Foster has announced plans to invest £2.2 million in Dungannon company Greiner Packaging Ltd, in a move that could create ten new jobs at the plant.
Ms Foster stated that the investment would not only create new jobs, but would also help to consolidate the 210 current roles, as well as inject funds into the local economy.
She said: "This investment of £2.2 million is a testament to the vision of the company in continually introducing new technology and manufacturing processes that is enabling it to meet market demand for this packaging expertise especially from major customers in food processing."
The minister added that the company was seen as playing an important role within the local food industry, particularly in the dairy sector, and was set to make an even bigger economical contribution as the industry carries on its rate of growth on the back of expansion predicted in the publication Going for Growth - Investing in Success.
Over £200,000 will be invested in the project by organisation Invest Northern Ireland, with money being seen as particularly vital for the potential implementation of state-of-the-art In-Mould Labelling (IML) technology.
Jarek Zasadzinski, chief executive officer at Greiner Packaging UK, said: "This is a significant strategic investment for the company and indeed the group. The IML equipment has already enabled us to expand our packaging portfolio and to secure significant new business from international customers.
"This strengthens the position of the operation here in Dungannon substantially and provides scope for further and faster growth in both short and long terms."
Greiner's UK plant was the fastest growing site out of all of the group's international factories, with the company expanding a total of 17 per cent in 2012.
Mr Zasadzinski stated that he was confident that the new IML technology would help the organisation progress even further over the course of the next few months.
One of Greiner's strong customer bases is within the dairy industry, but it is reportedly looking to expand into a wider marketplace, appealing to more high-profile clients.