Kaymed drops plans to extend factory, citing Brexit concerns

A planning application to extend the Kaymed factory in Kilcullen has been withdrawn because of concerns about Brexit, writes Brian Byrne. Instead, the company is proposing to sell unused land on the site to generate funds for investment in the existing premises 'footprint'.

The company says that because 70pc of its sales currently go to the UK, Brexit has become 'a real issue' and its priority now is to 'protect the business and its associated jobs from the challenges and uncertainties which Brexit will present'.

In a letter to Kildare County Council's Planning Department, Kayfoam Woolfson CEO David Moffitt says that the geopolitical and economic landscape has 'changed dramatically' since the application was put in last October.

Rather than expanding the storage and other facilities on its adjacent land as planned, the factory will now be investing 'massively' in equipment and processes to increase its competitiveness.

"One way of generating the funds to do this is to sell off surplus assets such as the unused land on our site," he writes in the letter, which was on foot of a request for further information from the Planning Department.

He concludes by hoping for Kildare County Council's support as the company works to an objective of maintaining existing business and growing in new markets, through increased investment in 'best in class' systems and processes.

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