Sister company, Trifibre, expands after receiving HSBC funding

//Sister company, Trifibre, expands after receiving HSBC funding

Sister company, Trifibre, expands after receiving HSBC funding

Leicester-based manufacturer Trifibre, which creates casing to transport Formula One cars, has created 28 jobs and launched a new sister company after receiving funding support from HSBC.

The business, which was established in 1981, has also expanded its rotational moulding services and now employs more than 100 staff.

It specialises in creating customised plastic casings for transporting fragile or high value goods, from Formula One cars to DJ equipment.

New sister company, Very Displays, creates bespoke exhibition displays, serving a wealth of sectors. View the industries leading exhibition cases here, which are manufactured on site. 

The company also has longer term plans to expand into America and add further rotational moulding machinery. 

Chris Cox, managing director at Trifibre, said: “We have shown consistent growth year-on-year – increasing our turnover by an average of 10 per cent annually.

“In response to this growth, in 2016 we decided to upscale and develop our offer.

“We have worked hard to achieve continuous improvement, including the in-house development of our own ERP system ‘Xapsys’ which has since spawned a sister company offering bespoke ERP solutions. Combined with investment into additional rotational moulding machinery and the launch of Very Displays, we expect our growth to continue at pace.

“In a rapidly evolving marketplace, we have worked tirelessly to harmonise our traditional casing offering with the very latest technology.

“HSBC’s support allows us to stay on the front foot of industry innovations, blending these seamlessly into our portfolio.”

Roger Pratt, HSBC area director for corporate banking in East Midlands, said: “Trifibre has a successful business strategy and a proactive export approach which has yielded consistent growth.

“We have been delighted to support another business manufacturing in the UK, providing trade and invoice finance facilities to facilitate its development.

“It is clear that Trifibre has no intention of slowing momentum and, with longer term plans to break into the American market, we are excited to support the company’s ongoing evolution.”

The bank’s relationship director in the East Midlands, Kate Beretta, led the deal for Trifibre.

Article Source: Insider Media

By | 2018-01-08T16:00:46+00:00 January 8th, 2018|News|0 Comments

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