Recycling boost for midlands based plastic packaging firm
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A loan from a specialist bank will help plastics packaging experts Esterform Packaging to hit their recycled materials.
Shawbrook Bank, which serves SMEs, has provided a £26m facility to Esterform Packaging. The loan will enable the firm to refinance previous debts and significantly increase output of preform containers for food and beverage manufacturers.
Having acquired a production site for recycled material last year (polyethylene terephthalate, or PET), the Tenbury Wells based company is looking to meet an increasing requirement for recycled plastic in its markets.
Mark Tyne, managing director of EPL, said the demand for preform rPET packaging is growing, particularly for beverage applications, and the company needed to significantly increase its production.
He said: “Creation of our own rPET lines represents the start of a new journey, and our next step is to consolidate existing debt to improve efficiencies and increase production. The team at Shawbrook took all this into consideration and created a solution that delivered the flexibility that we needed.”
Esterform Packaging produces injection moulded PET preforms, and stretch blow moulded PET containers. We offer an extensive range of standard products, and a fully project managed custom design process for bespoke developments.
Who are Esterform?
Incorporated in 1999, Esterform Packaging experience extends the full history of PET preform and bottle production in UK.
Esterform was founded in Liverpool in 1999, and grew rapidly. They quickly expanded beyond our premises, acquiring and relocating to our site in Tenbury Wells during 2001.
The facility at Tenbury Wells had already developed a track record of innovation as the first European PET preform producer in 1978, and the first mineral water bottle in 1979. This experience and knowledge stays with us today in our people and processes.