Plastics & Rubber World - November/December 2019 - 8

news

BUSINESS

Telford, UK - Craemer UK,
the British division of German
plastic products manufacturer
Craemer Group, has opened a
second plant.
Despite expanding the first
site to a total of 3.6 hectares in
2013, the company needed additional space to support growing customer orders.
As with the original location,
which is less than a mile away,
the second plant will produce
a range of plastic products,
including four-wheeled commercial waste receptacles and
various pallet boxes. Until now,
these large products could
only be manufactured at the
German headquarters.
The company has invested
£25m in the new plant. This includes purchase of the 5.3 hectare site, which was completed
in 2017, plus building construction and related machinery.
The new plant consists of a
6,000m2 production and storage hall, plus adjacent technical, office and social areas.
There are also some outdoor
facilities. All buildings cover

Photo: Carl Woodall

Craemer UK adds second production site

The second Craemer UK injection moulding facility in Telford
about half of the site, allowing
for future expansion.
At launch, the factory will
feature three injection moulding machines. This lineup includes a 5,500-tonne machine
delivered by Engel UK, reported

to be one of the largest IMMs
in the country. The machine will
produce the Neo4, a 1,100-litre
wheeled bin.
"Since the launch of our first
Telford plant at Hortonwood in
2006, Craemer UK has grown

significantly, with turnover growing from £5m in 2006 to around
£27.8m in 2018," said Steve Poppitt, MD of Craemer UK.
The second production site
will create approximately 70
jobs.

FINANCE

MarketInvoice to
offer finance for
larger businesses
London, UK - Business finance company MarketInvoice
has launched a new specialist
team to provide finance facilities for larger businesses in the
UK.
Having delivered £2.6bn in
invoice finance and business
loans to UK SMEs since 2011,
MarketInvoice is now offering
finance packages to businesses with a turnover in excess of
£50m.
The total market for these
products is estimated to be
worth £13bn.
The company states that
this financing option has been
introduced to service business-

es which are too large to be
serviced by traditional business
banking, but not large enough
for corporate banking faclities.
The finance will be available
to companies across a series
of sectors, including manufacturing.
Qualifying companies will be
able to secure a credit facility of
up to £5m (based on revenue).
Further, business loans of up
to £500k will be available (with
term of up to three years).
Craig Flyger, corporate solutions director at MarketInvoice,
commented: "We're delighted to be able to serve larger
businesses with their finance

WWW.PRW.COM | november/december 2019

Access to finance can help build business revenue
needs. These are high-growth
companies forging new ground
by transforming their industry,
growing internationally and
driving UK GDP."
Credit facilities offered by
MarketInvoice are supported
by a range of investors, including Barclays and Santander In-

noVenture. Other investment
comes from asset managers
and corporate treasuries. On a
government level, British Business Investments is funding
invoices through the company.
On a regional and municipal
level, Leeds City is also funding
via the company.

http://WWW.PRW.COM

Plastics & Rubber World - November/December 2019

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