Carbon fibre firm accelerates green growth with HSBC UK

A Runcorn-based manufacturer has reduced its carbon emissions with support from HSBC UK.

Sigmatex, a global developer and manufacturer of carbon fibre textiles, has utilised a six-figure funding package from HSBC UK to acquire 1,882 solar panels.

With support from HSBC UK, Sigmatex has installed the solar panels to cover its 110,000 sq ft site in Runcorn. It is estimated that the Photo Voltaic solar panels will save up to 7,375 tonnes of carbon emissions from the operation of the site over 25 years. Sigmatex anticipates that the solar panels will reduce energy costs across the manufacturing site and generate savings of up to 25 per cent.

In addition to funding the installation of solar panels, a further HSBC UK funding package has been utilised by Sigmatex to subsidise an electric vehicle salary sacrifice company car programme for employees.

Paul McMullan, CEO at Sigmatex, said: “The solar panel installation at our Runcorn site and the establishment of our EV company car policy is an important landmark for the business. This addition will allow us to strengthen our exports and meet growing demand sustainably. We thank HSBC UK for supporting the green growth of our business.’’

Darren Done, equipment finance relationship director at HSBC UK, added: “We’re thrilled to support Sigmatex with this solar panel installation and EV scheme to support the sustainable future of the business in Runcorn. The panels will ensure that Sigmatex can continue to service an international client base with industry leading innovation and create new jobs for the local area.’’

By Mark Adair – Correspondent, Bdaily