Javelin Plastics' site in Surrey
Surrey-based Javelin Plastics has secured £300,000 in funding to support the next phase of its aggressive five-year business plan.
The firm received the funding from a UK investment company specialising in British manufacturing after strong sales growth in 2015.
In the last 12 months Javelin has secured new projects worth well over £1m. This, combined with growth from some of its existing key accounts, has made 2015 an “exciting year” for the team, said Managing Director, Lee Reading.
“We already knew 2016 was going to be a good year for us, but with our new partnership we now know we have the ability to supersede even these exciting plans,” Reading commented.
Considerable investment in new capital equipment to support further expansion has already been made by the company in 2015. Recent purchases include two- and six-head pad printers, a number of ultrasonic welding machines and robotics.
Javelin focuses on a number of key market sectors, including safety critical, white goods and automotive. It says this new investment is enabling the company to add real value to mouldings, which are being produced 24/7 at its Camberley site.