Permali Gloucester has committed to over £1.5 million of investment in its future during 2016.
Permali explains that this includes a major investment in replacing and upgrading the company’s process heating system. The new system is significantly more efficient than the legacy boilers previously used and will result an estimated annual reduction in CO2 emissions of 400 tonnes, while also bringing additional process capability to support future product developments. Upgrading the factory lighting to energy-efficient LEDs will also result in a further 27 tonne reduction in CO2 emissions.
The company says that it has also installed a new manufacturing line for its Tuftane thermoplastic polyurethane (TPU) film business unit. This new line will increase production capacity by 50% and also broaden the company’s range of products and capabilities. The selection of the specialist machinery took 6 months, examining options from potential suppliers all over the world, and once selected the machinery took a further 6 months to design, build and install. Tuftane has a wide range of applications across the medical, automotive and personal protection markets, amongst others.
This investment in the factory and production capability is said to be in addition to a continued investment in Research & Development to develop new products, with the company re-investing over 6% of turnover in new product development (significantly higher than the UK average).
Permali’s Managing Director, Colin MacAdam, said, “This investment positions the company for major growth in the coming years, and will support some major new contracts that the company has won this year in a very competitive environment. It will also help us bring to market some exciting new product developments.”