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pounds 6.2mwindfall helps company grow.

Byline: Neil Hodgson

BANK funding has helped a Runcorn company take the next step towards expansion.

A pounds 6.2m Bank of Scotland Corporate deal for Sigmatex UK has led to the purchase of a 'world first' piece of equipment and a move into bigger premises.

The firm is a world-leading carbon fibre textile manufacturer.

It takes carbon fibre yarn and turns it into woven carbon fabric for customers. Its products are used in industries across the world.

Most Formula 1 racing cars are made from carbon fibre supplied by the company. The Airbus A380 double-decker jet and the futuristic Boeing 787 Dreamliner also incorporate Sigmatex innovations. Other applications include boats, motorcycle components and even satellites.

The LIBA Copacentra Max 5 Universal machine is the first of its kind in the world, layering and stitching carbon fabric and allowing the production of materials with different properties and strengths, enabling innovative new product applications. It will quadruple capacity and speed.

The move from Runcorn's Whitehouse industrial estate to Manor Park industrial estate doubles the previous floor space for Sigmatex, which employs 100 staff.

Managing director Scott Tolson said: "World-leading machinery and state of the art premises are necessary for us to remain at the forefront of the industry and we are delighted that Bank of Scotland Corporate has supported us."

T ony Buchan, director at Bank of Scotland Corporate in Manchester, added: "This purchase will allow the company to push the boundaries of innovation."


FUTURISTIC: Left to right: Tony Buchan, Bank of Scotland Corporate and Scott Tolson, managing director at Sigmatex UK, take a closer look at the company's new production capabilities
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Title Annotation:Business
Publication:Liverpool Echo (Liverpool, England)
Date:Apr 21, 2008
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