Leicester toilet roll manufacturer to create 50 jobs
A Leicester company which manufacturers tissue paper is set to create 50 jobs and double it production capacity after landing £6m in bank funding.
Leicester Tissue Company (LTC), which makes toilet and kitchen roll, has sealed a deal with HSBC for the cash.
The business, which is currently operating at full capacity, is in the process of installing two new production lines that will complete later this year at its new 105,000 sq ft plant in Thurmaston, Leicester.
LTC currently produces 20,000 tonnes of tissue per year and supplies to retailers, including Poundland, Aldi and Wilkinsons. Once the new lines have been installed, LTC will make an extra 20,000 tonnes of tissue per year, enabling the business to fulfill new interest from several supermarket brands.
Ayaz Tejani, managing director of LTC, said: “As a manufacturer for some of the UK’s leading retail brands, it’s important that we regularly invest in new machinery to meet high consumer demands. We have a long-term vision for growth and these plans are currently underway with the installation of the new production lines.
“We’re incredibly grateful to our HSBC UK relationship director, Richard Parker, who understood our business and funding requirements. We look forward to working closely with him again as the business grows.”
Roger Pratt, area director for corporate banking in East Midlands, HSBC UK, said: “HSBC UK is committed to supporting ambitious SMEs with their expansion plans, and LTC is no exception. The tissue market is extremely competitive and due to rising consumer demand, Ayaz and his team have a great opportunity to grow the business. We’re excited about the business’s potential and we wish them the best for the future.”