John Chorley invests in state-of-the-art machinery
WARRINGTON-based steel stockholder John Chorley & Co has invested in new capital equipment, following funding from Royal Bank of Scotland and Lombard Asset Finance.
The company has bought a state-of-the-art Rosler Steel Preservation Line machine, which means the company can add Shot Blast and Painting to its processing capabilities.
According to the company, it’s the first time a Rosler of this type has been employed in the UK, representing a step-up in innovation in the UK steel production market.
Founded in 1860, John Chorley operates from a single site in Warrington offering a range of steel products and end-to-end finishing services: from precision cutting, drilling, scribing.
Terry Shanahan, managing director, said: “The new machinery is fully automated and will make our processes more efficient, enhance margins through higher added-value work and enable more accurate costings. It is strategically important to John Chorley in that it both broadens the firm’s appeal to its existing customer base and opens doors to new customers.”
Funding for the machinery was provided by Royal Bank of Scotland’s Corporate & Institutional Banking (RBS CIB) division and Lombard Asset Finance.
Oliver Unett, relationship director North West, RBS CIB, said: “This is the exact sort of business that the regional team at RBS CIB is delighted to support. We’re looking to help successful local firms looking for a partner that understands their markets and funding needs.
“The new machinery has allowed John Chorley to bring in house sub-contracted work and offer a one-stop-shop solution in steel stockholding and processing.”
