Lombard Asset Finance has struck
a deal providing £4.5m (€5.1m) of funding to European bottling
company Envases.

Envases secured the deal to help
it procure a new £8.5m production line at its West Glamorgan
manufacturing plant.

RBS subsidiary Lombard will
provide a four-stage payment to the manufacturer, which also has
operations in Spain and France, to facilitate the

The new production line is
intended to boost manufacturing efficiency and capacity at the
family-owned business’ Port Talbot base.

Envases chairman Joaquin Marquez
said: “The purchase of a new bespoke production line will improve
Port Talbot’s economy of scale generating additional
competitiveness to our UK operation which will help us to meet
growing market demand.

“Our longstanding relationship
with RBS ensured that they understood our strategy and could
provide us with the right funding solution for our

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Founded in 1948, Envases has
been based in South-West Wales for the past 18 years and employs 80
people at its Port Talbot site.

The company has an 11-year
relationship with RBS Corporate & Institutional Banking (CIB)
and the bank has financed its previous investments.

RBS CIB relationship director
David Brown said: “We are delighted to be supporting this
investment by Envases”