Meltog’s £200,000 investment

A YORKSHIRE-based manufacturing firm has invested £200,000 in new equipment after securing business in India and China.

Leeds-based Meltog has completed the installation of state-of-the-art machinery at its site in Copley Hill, Leeds.

The investment, which is supported by HSBC’s Leeds and Bradford commercial centre and the Regional Growth Fund, is part of a wider package of measures which includes extra office space, and the creation of four skilled jobs.

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Meltog is one of the UK’s largest manufacturers of waste recycling equipment.

It also has packaging and filtration divisions. Its client list includes household brands and the Ministry of Defence.

Julian Heyworth, the managing director of Meltog, said: “The new suite of computer numerical controlled (CNC) and general machining equipment features the latest technology and dramatically reduces Meltog’s reliance on outsourced manufacturers, which previously totalled around £2m annually.

“The purchase of this new suite of machinery reflects a period of significant growth for Meltog – turnover has doubled over the last 18 months and we are on target to achieve annual revenues of £5m by 2015.”

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HSBC’s funding was provided through the bank’s Assisted Asset Purchase Scheme. The scheme is designed to support small to medium-sized enterprises (SMEs) who want to grow their business, and is supported by the Government’s Regional Growth Fund (RGF).

Meltog was founded in 1952, employs 27 people and sells its products to 103 countries.