Paper converter signs for 80,000 sq ft site
Wolverhampton-based Task Consumer Products, a family-owned paper converter and manufacturer, has purchased an 80,000 sq ft site with £7.8m of bank funding.
The HSBC UK loan has enabled Task Consumer Products to complete the acquisition to enable the business to further increase its production capabilities by 15,000 tonnes per year, as the new facility creates the opportunity to install further production lines and store a larger quantity of products.
This increase in output will in turn create 10 jobs on the factory floor.
The new premises will be Task Consumer Products’ second site, the primary site being a 250,000 sq ft site based on Stafford Rd in Wolverhampton.
It will initially be used as a storage and warehouse facility, with plans for an entirely new production line to be housed on-site in the near future.
Ravi Patel, managing director at Task Consumer Products, said: “The opening of our second site is an important milestone. Increasing our production and storage capabilities will be vital to the continued growth of our business. I’d like to thank our HSBC UK relationship director, Jack Turner, for his continued support throughout this process.”
Task Consumer Products, which was founded by Ravi Patel in 2007, purchases kitchen and toilet roll in large reels that it then converts into finished retail products for the supermarkets and leading brands.
The new site will service multiple retail locations and supermarkets, increasing the efficiency of the firm’s distribution network.
David Ramsden, West Midlands corporate banking area director at HSBC UK, said: “We are glad to be able to support a growing family brand in the West Midlands. As one of the largest independent converters in the UK, Task Consumer Products has already delivered impressive results and we are looking forward to seeing the impacts of the new facility.”
