QIHL plans significant investment as sales surge

Quinn Industrial Holdings Limited – QIHL — the packaging and construction products group to which founder and former tycoon Seán Quinn returned to work over a year ago — said profits, sales and jobs had all increased as it planned further significant investments in its operations.

QIHL chief executive Liam McCaffrey would, however, make no comment on the reported strained relations in recent months between Mr Quinn and the management and new owners of QIHL.

He also refused to comment on whether managers or owners had struck any new understanding with Mr Quinn on the future of the group.