Bulletin

New jobs in store at tank and silo maker

Suffolk tank and silo manufacturer Permastore is to create up to 60 new jobs through a £1.5m investment in a new production line. The Eye-based company, a world leader in the glass-fused-to-steel construction method, has secured a multi-million pound funding package from Santander Corporate & Commercial for a growth programme which aims to achieve a 30% increase in orders by the end of 2016. The package, the exact value of which has not been revealed, will be used in part to install a new dedicated epoxy production line, building upon the company's existing vitreous enamel production facility. Permastore CEO Brian Quarendon said: 'The support from Santander has been fundamental to our success.' Richard Hughes, relationship director, Santander Corporate & Commercial, said: 'Permastore is one of the UK's manufacturing and export success stories. The management team has a clear vision for growth, with regards to products and new markets, and we are delighted to be able to support the firm to invest for the future.'

 

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