A £200,000 investment in new machinery will allow Leeds Galvanising and Powder Coating to meet new environmental standards, the firm says.
The company has bought a new Gema powder spray booth with the help of a £191,000 finance package from Lloyds Bank Commercial Banking.
The Leeds City Region enterprise partnership (LEP) also supported the investment with a £20,000 grant.
Leeds Galvanising and Powder Coating processes 20,000 tonnes of steel a year. It provides decorative and protective finishing’s to metals for caravan chassis, balcony railings, and window frames.
The firm expects the new powder spray booth, which will replace an older model, to have paid for itself in just three years.
It’s anticipated that the machine will save the business £75,000 in its first year alone. It will reduce the firm’s raw material usage by 40%.
The new machinery will help the firm to further enhance its commitment to the recently introduced environmental standard of ISO 14001 and maintain their status as the only company in its field to have implemented this standard.
It specifies the requirements of an environmental management system (EMS) for small to large organizations. An EMS is a systemic approach to handling environmental issues within an organisation.
The business, established in 2004, employs 65 staff and has a turnover of £7.5 million. It plans to reinvest the savings realised from the new coater into further growing the business.
Simon Kelly, Leeds Galvanising and Powder Coating MD, said: “Our new state of the art powder booth offers us a hattrick of advantages.
“It will help us to become more efficient in labour and material cost; become more environmentally friendly; and support us in tapping into the top end of the market.
“Lloyds Bank has been an excellent partner in helping us to acquire the new kit, which will soon have paid for itself entirely.”
Natalie Hancock, relationship manager at Lloyds Bank Commercial Banking, added: “Supporting firm’s like this is central to our mission of helping Britain prosper.
“Leeds Galvanising and Powder Coating has grown from one of the smallest galvanisers in the country to the largest galvanising and powder coating plant in the North of England.”