Member Article

Board manufacturer creates 50 Scunthorpe jobs after securing £5.8 million funding

Corrboard UK Ltd, a new corrugated sheet board manufacturer, commenced operations in Scunthorpe following a £5.82 million funding package from RBS.

Following the purchase of premises at the Normanby Enterprise Park in December 2013, the management team at Corrboard UK has spent the last nine months constructing manufacturing premises for operations, creating more than 50 new jobs in the process.

Key to the success of the project is the involvement of founding partner firm Corrugated Synergies International LLC (CSI), a US-based specialist in the corrugated packaging industry with a global operational spread.

During the past 30 years, CSI has been responsible for implementing solutions into 60 sheet plants, as well as the development and operation of nine sheet feeding plants and three fully integrated box plants.

Since 1982 the business has completed 15 ‘full plant’ projects similar to Corrboard UK in the Americas. Simon Holmes, general manager, Corrboard UK, said: “We believe this is a great time to launch such a business in the UK, with market conditions strongly positive for a dynamic start-up owned by a number of established businesses in the sector.

“Eight of these partners are sheet plant companies that are currently experiencing the negative impacts of widespread consolidation in the sheet board supply market, and this bodes very well for Corrboard UK. We believe we have the best team and excellent prospects for success.” John Perullo, president and CEO of CSI, said: “CSI has extensive experience in this market and we recognise the very strong potential that Corrboard UK represents in the UK market.

“We’re delighted to be able to drive this business forward and will work diligently with Simon and the team, and all stakeholders, to help this great business meet its growth aspirations.”

Andy Croasdell, relationship director, RBS, added: “RBS is delighted to be involved in supporting the development of a new UK manufacturing business. In particular, the redevelopment of the land and the economic benefits to the local economy should not be underestimated.

“The venture has been four years in the planning, demonstrating the commitment to making the project work from all stakeholders, and we are pleased to support the business with working capital facilities as it continues to develop.”

This was posted in Bdaily's Members' News section by Clare Burnett .