£1.5m investment sees firm rubber stamp recycling deal

£1.5m investment sees firm rubber stamp recycling deal

Peter O’Kane, centre, of Portglenone-based company PPP marks an investment of £1.5m in new machinery with Leona McNicholl and Colin Massey of Ulster Bank’s Ballymena Business Centre. PPP is expanding after securing the all-Ireland franchise to supply rubber chipping to Cheshire-based Dunweedin, whose clients include DIY chains, councils and leading football and golf clubs. The investment is expected to lead to nine jobs A county Antrim firm is investing £1.5 million in specialist new machinery having won a significant contract to supply a leading UK recycled products company. Portglenone-based PPP Group has secured the all-Ireland franchise to supply rubber chipping to Cheshire-based Dunweedin, whose clients include DIY chains, councils and leading football and golf clubs, following the investment in equipment which has been financed by Ulster Bank.

Cheshire-based Dunweedin is one of the largest companies of its kind and supplies rubber crumb for lawns as well as rubber chippings for landscaping, playgrounds and a reinforcement product for sports surfaces.

Ulster Bank relationship manager, Leona McNicholl, says: “PPP has been able to win a significant new contract by identifying a good opportunity to diversify and by making the necessary investment. It is a natural extension of the business and will position it strongly to capitalise on the growth opportunity offered by an expanding market.

“The equipment has been purchased and is currently being installed. We expect it to be in full operation by the end of January, leading to the creation of nine new jobs during the course of 2009,” Ms McNicholl adds.

In addition to financing the investment in new equipment, Ulster Bank is providing ongoing working capital to PPP. PPP has been an Ulster Bank customer for more than five years.

More information about Dunweedin from www.dunweedin.co.uk.

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