Tonyrefail-based Treforest Glass has invested in new machinery and premises thanks to support from NatWest and Lombard Asset Finance.
The firm, which specialises in bespoke sealed glass units mainly for joineries, has used a combined £1.10m funding package from NatWest and Lombard Asset Finance to purchase a larger factory unit, as well as state-of-the-art machinery.
At 30,000 sq.ft. the new unit on Parc Eirin is three times larger than its predecessor and will enable Treforest to service existing customer accounts, as well as facilitate growing demand for its innovative glass products. The fit-for-purpose unit includes manufacturing facilities, a tempering plant and offices.
Funding has also enabled the purchase of state-of-the-art machinery, which will allow the firm to produce its own toughened glass in-house, saving the business around £400,000 a year in outsourcing costs. The firm now has a workforce of 56 staff having employed an additional ten employees as a result of its recent expansion.
Since acquiring Treforest Glass 12 years ago, Managing Director Peter Zehetmayr, has grown the business steadily to a turnover of £3.5m.
Peter said: “I believe that this investment is essential for the long-term security of Treforest Glass. Both NatWest and Lombard were invaluable in their support and the funding provided. They had an intricate understanding of our business needs, and the whole process was smooth from start to finish.”
Jane Marriott, Relationship Manager, Lombard Asset Finance, said: “Treforest Glass is the perfect example of a firm which is willing to invest in innovative new production capabilities to ensure the longevity of its business. The funding we have provided will enable the business to meet current demand, develop new opportunities and support new job creation in the local area.”