A new £800,000 glass cutting machine is set to play a central role in the expansion of Cwmtillery Glass, one of the UK’s largest manufacturers of insulated and toughened glass.
The equipment – a Bystronic High-Speed IGU Line – will enable the Ebbw Vale business, which manufactures and distributes specialist glass for the housing sector, to produce 850 pieces of bespoke double glazed sealed units in just one eight hour shift – boosting productivity by over 60%,
It will also enable the company, which employs 130 staff, to build on its record-breaking performance in 2015 which saw net profits rise 61% to £1.97m (2014: £1.21m) while turnover grew 5% to £9.72m (2014: £9.26m).
Last year also saw the business, whose clients include major manufacturers of window frames and glaziers, as well as the wider construction industry, employ 16 new staff and move its operations from Rassau Industrial Estate, Ebbw Vale, to a new 55,000 sq ft state-of-the-art facility at nearby Festival Drive.
NatWest has been providing financial advice to the company for 12 years which included a recent £875,000 loan and £750,000 of CAPEX (capital expenditure) investment from Lombard.
Paul Hayward, Director of Cwmtillery Glass, said:
“We’re confident that our ambitious plans for 2016 will enable us to grow the company even further and create more jobs for the local community. 2015 was another fantastic year for us and this new technology will really help us build on that success.”
Adrian Coles, Relationship Director – Corporate and Commercial Banking – NatWest, said:
“We’ve worked closely with Paul’s team for a number of years now and it’s been inspiring to see the company developing and growing so successfully. Last year’s move to new facilities was particularly important as it has enabled them to upgrade equipment which is helping to drive greater efficiency and improve productivity even further. They have quickly become a major Valleys success story.”