Benders to boost production with £9m investment
Benders Paper Cups is expanding its manufacturing capacity and increasing production by 40% through a £9m finance package from Lloyds Bank. The rise of demand for sustainability has boosted business at the Wrexham-based company, with sales rising 10%.
Management predicts the business will double in size and achieve a turnover of £40m.
Investment in machinery and the creation of new jobs in 2016 will enable the company to increase production, with the management team predicting that the business will double in size and achieve a turnover of £40m.
Mark de Meza, finance director at Benders Paper Cups, said: “The increase in coffee culture combined with the market shift toward environmentally friendly papers cups has significantly boosted our growth over the past few years, and we are now one of the largest manufacturers of paper cups in the UK and Europe.
“Over the next 12 months we expect to grow the company further and will be investing in high speed cup forming and printing machines.”
Benders says that its entire process – from tree, to cup design, production and disposal – has been created to reduce harmful effects on the environment, without compromising product quality or performance.
