A North Shields insulation panel manufacturer is creating 15 new jobs after expanding its manufacturing capability into South East Wales, following a seven-figure equipment finance package from HSBC UK.
Isoclad, the UK’s largest independent manufacturer of insulated composite panels, is diversifying its product portfolio with the launch of sister companies Securiclad and Customclad, which will be based at a brand new 124,000 sq ft site in Monmouth.
Securiclad will provide a range of security panels, including a Government-approved offering designed to prevent forced entry. Customclad will streamline the construction process for businesses by providing the capability to cut apertures such as windows and doorways before they arrive on site into insulated wall panels – a move that will reduce waste and customer costs.
The new facility, purchased with the support of HSBC UK funding, will become one of the only UK sites with the automated capability to do this, and will enable the business to widen its product offering through the automation of its manufacturing capability and drive growth by expanding into new market sectors. The move will also see up to 15 new manufacturing and engineering jobs created locally.
The businesses, which previously existed as part of Isoclad in North Shields, are set to double their output of key products, coupled with the introduction of these new service offerings.
Christine Wilde, Managing Director at Isoclad, said: “The funding from HSBC UK marks the beginning of an exciting period of growth for our company, with the launch of our bespoke cutting service and new Customclad and Securiclad brands. It’s been a great start to the year, and we look forward to welcoming new customers, as well as new staff to our team.
“We have a long-standing relationship with HSBC UK, and the support we’ve received from the bank’s equipment finance director Scott Ritchie and relationship director Craig Grant, in particular, has been crucial.”
Warren Lewis, Head of Corporate Banking, Wales, at HSBC UK, added: “The team at Isoclad have set out ambitious growth plans to fortify their position as a market leader in the sector, and we’re pleased to be building on our relationship through a new funding package which will support the implementation of new technology, job creation, and business expansion. We look forward to seeing the business grow to new heights throughout 2022 and beyond.”
