Copper Alloys Secures Seven-Figure Funding from HSBC UK for Expansion and Increased Exports
Copper Alloys, an advanced manufacturer in Stoke-on-Trent, has secured a seven-figure funding package from HSBC UK. The funding will expand its Burslem site to 40,000 sq ft and increase production capacity of high-performance alloys to 15,000 tonnes annually. This expansion aims to meet rising demand from various industries in Southeast Asia, Australia, and the US, with expectations of a 50% turnover increase over the next year.
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Copper Alloys, based in Stoke-on-Trent, has received seven-figure funding from HSBC UK, enabling the expansion of its Burslem site to 40,000 sq ft. This expansion will increase the production capacity of high-performance alloys eight-fold to 15,000 tonnes per annum.
The investment aims to meet growing demand from the marine, aerospace, power generation, and petrochemical sectors in Southeast Asia, Australia, and the US. The company anticipates creating new employment opportunities and a 50% increase in turnover within the next 12 months.
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