Sundeala Ltd, the largest UK manufacturer of display and presentation boards based at Middle Mill, Cam, near Dursley has secured the future of the site after a £650,000 investment supported by Barclays to improve and modernise the production process.
The investment in new equipment and technology will secure 60 jobs and allow new product development and capacity for business growth. The business currently turns over £7.5 million per annum.
Established since 1898 Sundeala Ltd is the only European manufacturer of a 100% recycled fibre board. Each and every one of Sundeala’s boards is manufactured in their Gloucestershire paper mill and has been made the same way for over 100 years. Water is taken from the river Cam and mixed with cellulose fibres and natural mineral pigments before pressing and drying into a robust fibre board. Sundeala takes waste products such as newspapers, cardboard, tea bags and egg boxes and turns them into high performance, eco-friendly display products with outstanding design flexibility and unparalled life cycle value.
Mike Gorham, Managing Director at Sundeala Ltd said “This investment will bring the production process into the 21st century and allow us to develop new market opportunities. We are already exploring the possibility of using our reinforced eco-friendly boards in applications as diverse as industrial filtration, fire doors and as an alternative to wood panels in construction. When fully developed, these new boards could add up to £3 million per annum to our turnover.”
Jason Llewellyn, Barclays Relationship Director said “SMEs are the lifeblood of our economy and we have worked closely with Sundeala to understand the complexity of their business and support their investment plans. Barclays is committed to using our industry expertise and specialists to support such propositions, which enable local businesses like Sundeala to compete and win new contracts, securing jobs and delivering real benefits to the local economy.”
Mike Gorham added: “As a major employer within the area, this investment demonstrates our commitment to the local community and to our loyal workforce. The new technology and improvements to our production process will reduce costs, improve efficiencies and enable us to explore new business opportunities providing a solid platform for future business growth. ”