UK sealant manufacturer Polyseam is ready to ramp up its international expansion programme after investing in a new 82,000 sq ft manufacturing site.
The £2.3m facility includes research and development, engineering, planning and storehouse space as well as three modern manufacturing units.
Polyseam received £230,000 investment from the Leeds City Region Enterprise Partnership’s grant programme for new equipment.
Established in 1993, Polyseam specialises in the development of sealants, adhesives and fillers for a host of applications. It also produces fire protection products for buildings.
This latest investment marks the next stage in the company’s ambition for further growth. It has enabled Polyseam, which already exports to more than 40 countries, to continue its international expansion plans.
The business, which is owned by Protecta Group AS, has offices in Norway, Sweden and Poland as well as a network of international distributors.
Kjetil Bogstad, chief executive of Polyseam, said the new facility will help to boost the company’s export business, which now accounts for 80% of its sales.
Bogstad said: “Over our quarter of a century as a manufacturer, Polyseam has developed and maintained a market leading position, offering only the best quality in our brands.
“We continue to work smart in order to remain at the forefront of science and technology. As we adapt to the ever changing environmental, industrial and economic headwinds and pressures, we are continually developing innovative products and systems that equip our extensive customer base with the right tools to do the job effectively and efficiently.
“A big growth area for us is the export market with the quality of our products winning us customers in countries including Australia, New Zealand, India, Thailand and Vietnam.”
Bogstad said that with turnover of £15m and employing around 50 staff, Polyseam was focused on further growth with recruitment of new employees in areas including research and development in the pipeline.
He added: “Polyseam is extremely grateful to the LEP for the financial support the company has received to help fulfil this project and enable us to house such a state of the art factory facility.
“The LEP has also provided valuable advice through its Trade and Investment, and Skills Services teams, including skills planning, diagnostic and relevant courses.”
The LEP, working in partnership with the West Yorkshire Combined Authority has received funding through Leeds City Region Growth Deal – a £1bn package of Government investment to accelerate growth and create jobs across Leeds City Region.
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