HSBC UK helps Yorkshire manufacturer expand internationally with eight-figure funding
A Yorkshire safety barrier manufacturer is set to expand overseas with an eight-figure funding HSBC UK package.
A-Safe designs and manufacturers its protective barriers at its Elland headquarters, supplying car parks, airports, factories and warehouses across Europe, USA, Asia and the Middle East.
With the backing of HSBC UK, the business has upgraded its 75,000 sq ft factory by purchasing new German and Austrian-made machinery, allowing it to scale up production by up to 40 per cent, as well as reducing waste.
Adrian Banks, finance director of A-Safe, said: “Since inventing the world’s first fixed polymer safety barrier in 2001, our products and technology have evolved considerably.
“We never stand still, and we’re now ramping up production of our next generation safety barriers and introducing them to markets around the globe.
“With HSBC UK’s financial backing and can-do attitude to international trade, we’re ideally positioned to realise our ambitious growth plans.”
A-Safe also plans to extend its Elland manufacturing facility in 2020, providing space for additional production lines and storage.
A-Safe anticipates that the investment will create 50 new jobs at its Elland manufacturing facility in the next 12 months.
Mark Watson, relationship director for North & West Yorkshire at HSBC UK, added: “A-Safe is a fine example of an innovative Yorkshire business that’s keen to make strategic investments to raise productivity and operate in foreign markets.
“This is an exciting time for manufacturing and we look forward to seeing the business create a significant amount of jobs in the region.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.