[June 2011, Bristol] Envases (UK) Limited (“Envases”), the West Glamorgan-based aluminium aerosol can and bottle manufacturer, is set to boost its output and production efficiency thanks to £4.5 million in funding from The Royal Bank of Scotland (RBS).
Envases has secured a four-stage payment from the bank’s Corporate & Institutional Banking (CIB) and Lombard divisions to contribute towards the purchase of a new bespoke production line. With a total cost of £8.5 million, the production line will ensure that Envases can increase its production capacity and continue to adapt as its market develops. Once installed, the production line will also allow the business to stay ahead of the competition due to the state of the art technology at its disposal.
Founded in 1948, family-owned Envases turns over £17 million annually and employs 80 people at its manufacturing site in Port Talbot, West Glamorgan, where it has been based for the past 18 years. It also has locations in Spain and France. RBS has worked with Envases for 11 years and financed its previous investments, as well as providing the company with day-to-day currency trading and trade finance support.
Joaquin Marquez, Chairman, Envases, said: “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. 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.”
David Brown, relationship director, RBS CIB, said: “We are delighted to be supporting this investment by Envases. 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.”
ENDS
For further information please contact:
Karyn Theron
Marketing Communications Manager, Lombard
+44 771 780 7092
karyn.theron@lombard.co.uk
Notes to Editors
Lombard is part of The Royal Bank of Scotland Group. As one of the largest asset financiers in the UK and voted Best Leasing & Asset Finance Provider by Business Moneyfacts in 2009, 2010 and 2011, Lombard provides various forms of asset finance to businesses of varying sizes – from SMEs to large corporates. Products include Hire Purchase, Finance Lease, Operating Lease, Sale and Leaseback, Contract Hire, to Contract Purchase, as well as multi-specialist asset finance products such as marine, aviation and specific wholesale and stocking funding for distributors and dealerships.
Celebrating its 150th anniversary in 2011, Lombard is headquartered in Redhill, Surrey, with an extensive network of business centres situated throughout the UK, and is an appointed representative of The Royal Bank of Scotland plc, which is authorised and regulated by the Financial Services Authority.
