Maltapost will be investing in a €3 million document management facility in Gozo as the company rapidly moves away from its core traditional business of delivering letters.

The company recently bought a factory on Xewkija’s industrial estate which will be transformed into a new facility handling document management, archiving and hybrid mail, chairman JoeSaid explained.

The Tanseana project is the latest project in the fifth year of the privatisation of Maltapost.

Mr Said was speaking after Prime Minister Lawrence Gonzi inaugurated the extension of the company’s headquarters in Qormi.

The company intends to create 30 new jobs in Gozo and offer a state-of-the-art service to companies such as banks which need to hold large archives.

Mr Said added that since Maltapost was privatised, the company had been given a complete overhaul and opened new businesses to consolidate its services and profits.

Maltapost is also planning to enter into the insurance sector and has applied to the MFSA for a licence to sell insurance services through its branches.

According to Mr Said, the company has invested over €11 million in recent years and has paid €3 million in taxes.

Praising the continuous foresight of the company, Dr Gonzi said Maltapost is a “success story” and a good example of the Government’s privatisation programme, which saw a company registering losses and offering a restricted service, develop into a multi-functional service provider and become one of the largest logistics companies.

Dr Gonzi welcomed the new investment in Gozo, saying it fits perfectly into the Government’s plans to increase job opportunities on the island.

Maltapost currently employs 600 workers and is also expanding its branch network. The latest new properties were acquired in Sliema and St Paul’s Bay.

The company is also investing in a new Post Museum in Valletta.