Meltog investment

@HSBC_PRESS #hsbc #meltog #funding Meltog, a Leeds-based manufacturer of waste-recycling equipment that also has packaging and filtration divisions, has invested in new machinery and taken on four extra staff. The investment was supported by the HSBC bank and the Regional Growth Fund.

Managing director Julian Heyworth said: “The purchase of a new suite of machinery reflects a period of significant growth for Meltog; turnover has doubled over the last 18 months, and we are on target to achieve annual revenues of £5 million by 2015.”

HSBC’s funding was provided through its Assisted Asset Purchase scheme, which is designed to support SMEs looking to expand their business.