A Finnish-owned company is investing nearly £6m in its mid Wales factory and creating 38 new jobs.
Philip Wolstenholme of Wipak UK said production would increase
Wipak UK, which makes printed film packaging for the perishable fresh food sector, already employs 52 people at its premises in Welshpool, Powys.
The firm plans to build a 16,855sq ft extension to its existing base.
It is the third substantial investment in as many months at the town's Buttington Cross Enterprise Park, where Wipak is based.
The new development will house a unique state-of-the-art printing press and other equipment.
The company moved its packaging facility to Welshpool in 1996. The latest expansion has been supported by the Welsh Development Agency.
Phillip Wolstenholme, managing director of Wipak UK, said: "This is a significant investment by our board into the existing facility here in mid Wales and highlights the company's commitment to the area and our workforce.
"The latest expansion will enable us to increase production of packaging film from around 25m square metres to 45m square metres a year."
Dr Geraint Davies, WDA executive director for mid Wales, said Wipak had "continuously placed its confidence" in the region through continued investment.
"It is particularly pleasing to see such an investment just weeks after neighbouring automotive company, SPX Contech, invested more than £3.75m into its aluminium die-casting facility."
It also follows Morland Profiles' expansion on the same site, where it is creating 30 new jobs.