New jobs to be created as manufacturer lands multmillion-pound funding
New jobs are set to be created in Leicestershire after TruNet (UK), a manufacturer of elastic netting, loops and twines, opened its new purpose-built warehouse in Ashby-de-la-Zouch.
The firm has opened the new facility after landing a multi-million-pound investment from HSBC UK.
TruNEt supplies an array of netting and twine products to meat suppliers throughout the UK, Europe and the rest of the world. The firm says the new 40,000 sq ft manufacturing plant is double the size of its four previous leasehold sites. The extra space will enable TruNet (UK) to install an additional twenty new knitting machines, increasing production by 20%, creating new jons.
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.”
TruNet (UK) is part of the wider TruNet Group which has manufacturing plants in Poland, Vietnam and North America. The company produces 100 million metres of netting globally per year.
