£220,000 Funding for Welsh Manufacturer of Chimney Cowls and Flue Systems

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Development Bank of Wales , 15th August 2022

Midtec, one of the UK’s leading manufacturers of chimney cowls and flue systems has completed the construction of 2500 square feet of additional manufacturing space at Capel Hendre Industrial Estate near Ammanford, using a £220,000 loan from the Development Bank of Wales.

Formed in 2003 by Managing Director, Trefor Jenkins, Midtec first benefitted from investment from the Development Bank in 2005. They have since had several rounds of funding from the Development Bank to support growth plans and the next generation is looking to the future with the new additional space being used to house a state of the art ENSIS laser cutting machine, supplied by Amada.

Trefor said:

The ongoing support of the Development Bank means that we’ve been able to grow the business, drive efficiencies and invest in new market opportunities. We’ve also introduced new products including the MidCat, an innovative solution for reducing the pollution created by wood burning stoves and the only one of its kind in the UK.

Our latest investment in our technology means that we can now offer a laser cutting service that will help to improve our quality and production processes and save time on the turnaround of customer orders. We hope that this will play an important part in our future growth. Indeed, our turnover is on target to exceed £2 million this year and I’m delighted that my son Thomas and daughter Hannah are already playing a vital role in the business as we focus on our long-term sustainability.

Richard Easton, a Portfolio Executive with the Development Bank, said:

Midtec is a family run and owned business that is known for its high quality and excellent customer service. With our continued support, Trefor, Thomas, Hannah and the team have created a modern manufacturing facility that has a really exciting future ahead.

The loan came from the £204 million Wales Business Fund which is financed by the European Regional Development Fund and the Welsh Government. Loans, mezzanine finance, and equity investments are available for deals between £50,000 and £2 million with terms ranging from one to seven years for small and medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales.

Construction company TRJ of Ammanford carried out the building work, while Jamie Reynolds of Cennen Solutions has also been providing strategic support.

Mae Midtec, un o gynhyrchwyr mwyaf blaenllaw y DU ym maes systemau simnai a systemau ffliw, wedi cwblhau’r gwaith o adeiladu 2500 troedfedd sgwâr o ofod gweithgynhyrchu ychwanegol ar Ystâd Ddiwydiannol Capel Hendre ger Rhydaman, gan ddefnyddio benthyciad o £220,000 gan Fanc Datblygu Cymru.

Ffurfiwyd Midtec yn 2003 gan y Rheolwr Gyfarwyddwr, Trefor Jenkins, a chafodd Midtec fudd am y tro cyntaf o fuddsoddiad gan y Banc Datblygu yn 2005. Ers hynny maent wedi cael sawl rownd o gyllid gan y Banc Datblygu i gefnogi cynlluniau twf ac mae’r genhedlaeth nesaf yn edrych i’r dyfodol gyda’r gofod newydd hwn yn cael ei ddefnyddio i gartrefu peiriant torri laser ENSIS o'r radd flaenaf, a gyflenwir gan Amada.

Dywedodd Trefor:

Mae cefnogaeth barhaus y Banc Datblygu yn golygu ein bod wedi gallu tyfu’r busnes, ysgogi arbedion effeithlonrwydd a buddsoddi mewn cyfleoedd marchnad newydd. Rydyn ni hefyd wedi cyflwyno cynhyrchion newydd gan gynnwys y MidCat, datrysiad arloesol ar gyfer lleihau’r llygredd sy’n cael ei greu gan stofiau llosgi coed a’r unig un o’i fath yn y DU.

Maeb ein buddsoddiad diweddaraf yn ein technoleg yn golygu y gallwn nawr gynnig gwasanaeth torri laser a fydd yn helpu i wella ein hansawdd a’n prosesau cynhyrchu ac yn arbed amser ar y broses o gyflenwi archebion cwsmeriaid. Gobeithiwn y bydd hyn yn chwarae rhan bwysig yn ein twf yn y dyfodol. Yn wir, mae ein trosiant ar y trywydd iawn i fod yn fwy na £2 filiwn eleni ac rwy’n falch iawn bod fy mab Thomas a’m merch Hannah eisoes yn chwarae rhan hanfodol yn y busnes wrth i ni ganolbwyntio ar ein cynaliadwyedd hirdymor.

Dywedodd Richard Easton, Swyddog Portffolio gyda’r Banc Datblygu:

Mae Midtec yn fusnes teuluol sy’n adnabyddus am ei ansawdd uchel a’i wasanaeth rhagorol i gwsmeriaid. Gyda’n cefnogaeth barhaus, mae Trefor, Thomas, Hannah a’r tîm wedi creu cyfleuster gweithgynhyrchu modern sydd â dyfodol cyffrous iawn o’u blaenau.

Daeth y benthyciad o £204 miliwn o Gronfa Busnes Cymru a ariennir gan Gronfa Datblygu Rhanbarthol Ewrop a Llywodraeth Cymru. Mae benthyciadau, cyllid mesanîn, a buddsoddiadau ecwiti ar gael ar gyfer bargeinion rhwng £50,000 a £2 filiwn gyda thelerau’n amrywio o un i saith mlynedd ar gyfer busnesau bach a chanolig (y rhai sydd â llai na 250 o weithwyr) sydd wedi’u lleoli yng Nghymru, neu sy’n barod i adleoli i Gymru.

Cwmni adeiladu TRJ o Rydaman wnaeth y gwaith adeiladu, tra bod Jamie Reynolds o Cennen Solutions hefyd wedi bod yn darparu cefnogaeth strategol.