FTSE 250-listed Essentra, which supplies speciality plastic, fibre, foam and packaging products, has expanded its European Components facility in Oxford. The new purpose-built distribution centre, in which more than £7m was invested, covers 3,500 square metres and will enable the company to rapidly expand its product range and improve its delivery offering. Chief Executive Colin Day said: "The investment in this dedicated facility underscores our commitment to delivering a market-leading product range and service level to our customers, combined uniquely with the flexibility and reliability of our extensive manufacturing capabilities. "Additionally, it reinforces the commercial significance of our Kidlington site, both in terms of serving the domestic UK market as well as acting as a hub for our entire European distribution network. As such, this new centre will not only allow us better to capture future growth opportunities, but also to operate even more efficiently."NR