Kernow Coatings Limited manufactures and distributes a wide range of coated films and papers, with its operations spread across three locations in Penryn as well as a subsidiary in the US.
The project will expand capacity in Penryn to enable the company to deliver innovative products reliably for customers.
The investment will be in new machinery in order to reduce product development cycle time and increase manufacturing capacity.
Kernow Coatings exports a substantial proportion of sales to North America consisting predominantly of one product line. The ERDF investment has assisted in making a commercial case for investment in Cornwall compared to the US and the project therefore both safeguards and creates employment in Penryn.