Yorkshire Bank has helped a Rotherham
diecasting company to see off competition from Chinese rivals by
supplying asset finance for new machinery.
The bank, which is owned by National Australia
Bank, provided financing for three diecasting machines and two
robotic arms to PMS Diecasting.
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PMS carries out high-pressure zinc diecasting
for clients including Yale Locks, Chubb Union and Britax.
The investment has reportedly enabled the
company to gain more contracts by increasing its efficiency,
including a £700,000 (€852,737) order for window hardware, which
would otherwise have gone to competitors in China.
PMS made its investment in the new machinery and robotics after
gaining asset finance through Yorkshire Bank’s South Yorkshire
Financial Solutions Centre, based in Sheffield.
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By GlobalData
