Bulletin

Steel company invests after 'record year of growth'

Steel Manufacturer - Record year of growth - SantanderCB

Caldicot-based steel company Pro Steel Engineering has reported a 'record year of growth' after investing in a dedicated fabrication facility.

The company secured £360,000 of investment from Santander Corporate and Commercial for a dedicated fabrication facility in Caldicot.

It is equipped with technology to bring the steel fabrication process fully in-house, which will lower costs and enable more growth opportunities.

The company has now introduced new services including the installation of metal decking.

Pro Steel has appointed a new operations director to lead the new operation, and plans to employ another 20 full-time staff across the business in the next year.

Following the investment, the company posted an increase in turnover in its 2015 financial year, up to £15.5m from £3.6m.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?