Home Finance & Investments £0.5m investment paves the way for growth at Yorkshire manufacturer

£0.5m investment paves the way for growth at Yorkshire manufacturer

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Richard Hobson, MD of ProSpool

Contract spool-winding business ProSpool has invested another £0.5 million in new equipment at its Yorkshire factory to facilitate further growth.

The investment in a new, custom built spool winding machine comes as the company marks its 25th year in business and represents the end of the first phase of a three-year capital investment programme.

Since its formation in 1994, ProSpool has achieved consistent growth to reach its current position as the largest specialist spooling contractor in Europe, maintaining a core customer base whilst diversifying into the security, automotive, health and hygiene, construction and food packaging markets.

The company’s custom spooling lines can produce spool widths ranging from 2mm to 76mm and production teams operate 24 hours a day, five days a week from a 35,000 sq ft factory in Yeadon. The investment in the new 26-station spool winder will increase capacity by 25% at a time when ProSpool is winning contracts from new customers including the US-headquartered Berry Global and Japanese corporation, Nitto.

ProSpool managing director Richard Hobson says: “Demand for spool winding comes from a variety of industries in all corners of the globe. We receive a huge range of materials in a variety of different formats into our factory each week, and our job is to cut them to the desired width and wind them onto industrial spools, delivering them back to customers to be loaded onto high speed production lines.

“The materials we process are used in applications as diverse as cheese packaging and window fabrication through to security documentation and hygiene products, and we provide customers with complete traceability. Every spool has a unique output label detailing the component parts of the spooled material it holds.

“From our UK base we currently serve more than 25 countries across six continents, with customers ranging from blue chip international conglomerates to independent businesses. There is growing demand for contract spool winding services across many industries, and our focus for the next five years is to capitalise on these opportunities and continue to grow the business from its current £2.5 million turnover. This is the first phase of a £1.5m capital investment programme that will see existing jobs secured and new roles created over the next 18 months. We are looking ahead to an exciting future.”

ProSpool is part of the rapidly expanding Skaife Group of companies, providing innovation to a global customer base.