Tonyrefail-based Treforest Glass, a manufacturer of bespoke sealed glass units (mainly for joineries), has invested in new machinery and premises thanks to support from NatWest and Lombard Asset Finance.
The combined £1.1 million funding package has been used to purchase a much larger factory unit (30,000ft
2) and invest in ‘state of the art’ machinery, enabling the company to meet the growing demand for its innovative products.
The firm (
www.treforestglass.co.uk) will now be able to produce its own toughened glass in-house, saving around £400,000 a year in out-sourcing costs. It now has a workforce of 56, having taken on 10 more people after its recent expansion.
Since acquiring Treforest Glass 12 years ago, managing director Peter Zehetmayr has seen the business grow steadily to a turnover of £3.5 million. He said: “I believe that this investment is essential for the long-term security of Treforest Glass.
"Both NatWest and Lombard had an intricate understanding of our business needs, and the whole process was smooth from start to finish.”
Jane Marriott, Lombard Asset Finance’s relationship manager, said: “Treforest Glass is the perfect example of a firm that is willing to invest in innovative production capabilities to ensure the longevity of its business.
"The funding we have provided will enable it to meet current demand, develop new opportunities and support job creation in the local area.”