The UK’s largest manufacturer of wheeled bins has revealed a seven-figure investment in new machinery to help increase production and target new markets.
MGB Plastics has bolstered its business with a new 2700t Krauss Maffei injection moulding machine at its factory in Rotherham, as part of its forecasts for a “record breaking” year in 2015.
The company says this recent addition - its fourth investment in as many years - will complement its existing portfolio of equipment to allow it to manufacture more products, cope with extra demand and boost sales as it targets a growing share of the market.
It currently has the largest share of the UK wheeled bin and recycling container market alongside sister firm Straight Ltd, both part of the OnePlastics Group portfolio.
Karl Stillman, OnePlastics Group Sales Director, said the new machine would help service existing client requirements while building on its client base as the company looks to post a record-breaking year.
“We are delighted to have acquired this new machine which is central to our long-term plans and a perfect complement to our existing portfolio. It will fulfil our immediate requirements of existing clients while giving us that extra production capacity to cope with extra demand as we look to increase our client base,” Stillman said.
“The investment programme fits perfectly with the strategic goal of OnePlastics parent company One51 Plc to grow both organically and through acquisition.”
MGB Plastics says the new Krauss Maffei 2700t injection moulding machine tool will mean reduced setup times leading to increased flexibility and energy efficiency combined with shorter production lead times.
Alongside recent purchases of 2300t and 2700t Krauss Maffei machines, MGB Plastics now operates one of the largest selections of heavy tonnage injection moulding machines in the UK.
This has increased the manufacturing capacity of its modern 5,000 sq factory on Barbot Hall Industrial Estate in Rotherham to two million bins and kitchen caddies annually.
One51plc, based in Ireland, recently created a new brand called OnePlastics Group, which saw seven businesses come together under one brand umbrella with a vision to be the leading provider of plastics products to a variety of sectors.
It says it plans to grow its client base organically by winning contracts locally and by acquiring strategic targets such as the purchase of Straight Ltd- one of the UK’s leading wheeled bin and recycling container manufacturers.
Stillman added: “We are seeing a strong order intake from clients within all of our chosen market sectors and are expecting a record breaking year in 2015.”