Silvergate's Wrexham manufacturing facility, which has recently undergone reconfiguration and expansion
Masterbatch manufacturer, Silvergate Plastics, says it is increasing capacity and staff numbers at its manufacturing facility in order to accommodate demand for its newest range of products and services.
The Wrexham, North Wales-based company says that it hopes the investment will enable it to increase its annual turnover from £10million to £18million by the end of 2015.
The success of its two most recent product ranges, SimplyWhite and Optiblo, is the key driver for the increase in demand, according to Silvergate’s Managing Director, Tony Bestall.
“Due to the success of these ranges, we have had to increase our line capacity to accommodate the needs of our existing client base and that of recently acquired accounts. Despite the challenges the plastics industry has faced over the last quarter, I am delighted we are able to inject more capital into our production facility due to ongoing – and increasing – demand.”
The reconfiguration of Silvergate’s manufacturing facility will result in a 10 percent increase in headcount, which equates to at least six new processing positions. The company is looking to fill the vacanciea in the final quarter of 2015.