ABC Money
Home


Brayford Plastics invests in the future


Published :
Tue, 30 Aug 2011 12:15
By : 1888pressrelease.com
Print this Story


AddThis Social Bookmark Button

(1888PressRelease) August 12, 2011 - The company was established in Lincoln in 1969 next to Brayford Pool, hence the company name, by a group of local farmers mainly to manufacture bags for packing locally grown produce. In 1972 they moved to Dunholme, a site which has been expanded greatly during the following years. Today the site is one of the most modern BRC accredited production facilities for bag and film products in the UK, housing film extrusion, the latest in flexographic print technology as well as high speed conversion and slitting machines.



NatWest backed the acquisition of Brayford Plastics by current owners Brian & Janet Parr in 2006. The new facilities sees the bank extending further funds to modify the premises at Dunholme as they continue to adapt their production capacity to meet customer demand for their products and to remain at the forefront in environmental compliance.



Brayford have also sourced and purchased through leasing agreements with Lombard, three new items of machinery which will enhance their production capacity. Firstly they have taken delivery of a further wicketted bag machine to produce bags, predominately used in the frozen food, bakery and fresh produce markets. Installed in April was a further W and H eight colour printing press which incorporates the very latest controls for colour and print consistency together with the potential for higher running speeds up to 500 mtrs/min. Finally yet another wicketted bag machine has been ordered and is due for commissioning.



Commenting on these latest developments, Andrew Riley, chief executive of Brayford said: "This continues the company policy since Brian and Janet bought the business of removing old equipment and investing in the latest technology available to gain competitive advantage and place us at the forefront of the industry in terms of innovation, productivity and product quality. This latest investment programme brings the total amount invested at the site since 2006 to more than 4.75million."



The funding packages have been arranged through their relationship manager at NatWest, David Greenough. He added: "Brayford Plastics have successfully established themselves as a leading player in the UK market for the manufacture and supply of printed film and bags. This level of investment is a key statement of intent for the plans the directors have for the business over the next few years. It is also evidence that local firms are willing to invest post recession in growth objectives."

###











Share on



Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 viploan.co.uk, All Rights Reserved
*viploan.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.