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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.