Chemco International Secures £670,000 Loan for Growth and Automation with Lombard and Royal Bank of Scotland
Chemco International has obtained a £670,000 trade loan from Lombard and the Royal Bank of Scotland for machinery upgrades aimed at increasing capacity and automation. The employee-owned manufacturer plans to triple its turnover by 2036 and create new jobs. Established in 1990, Chemco specializes in protective coatings for marine and industrial sectors.
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Chemco International, an employee-owned manufacturer based in Coatbridge, secured a £670,000 trade loan from Lombard and Royal Bank of Scotland to invest in new machinery for capacity and automation enhancements. The company, which employs 35 people, aims to triple its turnover by 2036 and create additional local jobs.
Founded in 1990, Chemco produces advanced protective coatings for various sectors, including marine and industrial. The funding will support the company's growth strategy while maintaining its commitment to sustainable practices.
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