TruNet (UK), a specialist in the mass production of elastic netting, loops and twines, has opened its new purpose-built warehouse in Ashby-de-la-Zouch, Leicestershire, after receiving a multi-million-pound investment from banking partner HSBC UK.
The UK business supplies an array of netting and twine products to meat suppliers throughout the UK, Europe and the rest of the world. The new 40,000 sq ft manufacturing plant is double the size of the business’ four previous leasehold sites. The extra space will enable TruNet (UK) to install an additional twenty new knitting machines, increasing production by 20 per cent.
The larger premises will enable TruNet (UK) to continue recruiting as the business grows.
Commenting on the opening, Managing Director of TruNet Group Stuart Revill, said: “The new production plant is a huge step forward for our UK business. We outgrew our old warehouses and needed extra space to produce more netting for our customers as demand for our products grows.
“As a long-term customer of HSBC UK, we have been delighted with the dedicated support from our Relationship Manager, Jacqueline Powers, who has made the whole process seamless.”
David Tomlinson, HSBC UK’s Area Director for Business Banking in the East Midlands, said: “HSBC UK connects British businesses to international opportunities and we are thrilled to be supporting TruNet (UK) as it embarks on a new chapter. Stuart and his team now have the extra resources they need to continue to grow the business and we wish them all the best.”