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Chess Plastics invests in hi-tech machinery following £184,000 in new funding

SME Market

Droitwich-based Chess Plastics Ltd, a specialist in large plastic injection moulding products for the UK manufacturing industry, has purchased a state-of-the-art injection moulding machine to cater for exceptional demand for its services. The company made the investment following the granting of a £184,000 asset finance facility. The funding has also allowed Chess Plastics to take on three more staff. Director Gareth Olden said: 'The purchase of this new moulding machine is central to our long-term growth plans, and the funding package and support from Santander has been instrumental.' John Hyde, Relationship Director, Santander Corporate & Commercial, said: 'Chess Plastics is a great example of a local firm at the heart of the UK economy. The firm is showing strong signs of growth and this latest investment in the hi-tech machine is a clear indication of the firm's appetite for expansion and focus on product excellence.'

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