Polystyrene manufacturer extends Bury factory with Export Fund backing
Polystyrene manufacturer Molygran has expanded its factory on Bury Road in Radcliffe.
Bury Council leader Cllr Rishi Shori was on hand this week (April 12) to officially open the new facility – an extension housing a revamped shop floor and new offices.
With the enlarged space enabling the firm to ramp up production of its polystyrene goods, Molygran is forecasting turnover to rise between 30% and 50% over the next 12 months.
A increasing demand for exports is also likely to contribute to the growth, Molygran said, with funding from The Greater Manchester Export Fund having made up 20% of the overall investment in the extension.
Molygran was founded in 1979 and today makes polystyrene packaging, design and merchandising materials.
While turnover rose 50% between 2014 to 2016, the company found it had outgrown its premises but decided to extend instead of moving, keeping its operation in Bury.
Cllr. Shori said: “We’ve had a fantastic visit at Molygran today, and what a business! Family run which really shines through. There’s a great atmosphere as you go around.
“It’s been great to see what can be done with polystyrene, I didn’t realise how versatile it is, from insulation to all the great display products.”
Patrick Eastham, owner of Molygran, commented: “It was interesting to meet with members of the local council and discuss policies regarding recycling plastic waste, and how the council might be able to improve recycling volumes and reduce the amount sent to landfill.
“Interim chief executive Pat Jones-Greenhalgh was very complimentary of our living wage commitment and can see we take our social responsibility within our local area very seriously.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →