Envases to expand UK aerosol can plant
Envases, the UK-based aluminium aerosol can and bottle manufacturer, is investing £8.5 million (US$13.9m) in a new production line.
The new line is being put in at the company’s site in Baglan, South Wales.
The investment will be part-funded with a £4.5m ($7.4m) loan from the Royal Bank of Scotland (RBS).
“The purchase of a new bespoke production line will improve Port Talbot’s economy of scale, generating additional competitiveness to our UK operation which will help us to meet growing market demand,” says Envases (UK) chairman Joaquin Marquez.
“Envases allocates important resources yearly to innovation and the new production line will be capable to fully implement those innovations that offer differentiation to our customers in their packaging. In today’s marketing, ‘differentiation is the name of the game’. Our longstanding relationship with RBS ensured that they understood our strategy and could provide us with the right funding solution for our requirements.”
RBS CIB relationship manager David Brown added: “It is a pleasure to work with a UK manufacturing business that is continuing to invest in its future, thus safeguarding and improving the quality of employment for many local people. “Envases is a great example of a successful business which continues to stay ahead of the competition through innovation and prudent investment in the development of people and equipment.”
Envases is a family-owned company which was founded in 1948. It has two European manufacturing sites.