Chesterfield factory expands with bank support
One of the UK’s leading nickel plating specialists is expanding its factory after securing a six figure funding deal.
NiTEC UK Ltd is based in Chesterfield and boasts one of the world’s largest electroless nickel plating facilities. This cash injection will allow it to increase its existing production capacity which provides services including pipe strengthening and exterior protection to a diverse range of industries, from oil and aerospace to architecture and art.
Funding support was provided by Yorkshire Bank, with the deal arranged by Steve Wicks, Commercial Relationship Manager at the bank’s South Yorkshire Business and Private Banking Centre in Sheffield.
NiTEC UK’s in-house laboratory team developed SeaTEC, a revolutionary coating for the marine industry which can withstand exposure to salt spray for more than 19,000 hours.
The company also works with the aerospace and oil industries. Other more unusual bespoke projects include plating a gorilla sculpture created by Turner Prize winner David Mach.
Marcus Hill, Commercial Director at NiTEC UK, said: “We are pleased to be expanding to meet the growing demand for our expertise and products. The support from Yorkshire Bank and commitment of the NiTEC team has been instrumental in establishing our reputation and place in the marketplace.
“Working with Yorkshire Bank has been fantastic and the team has really taken the time to learn our business.”
Kevin Elliot, head of the South Yorkshire Business and Private Banking Centre, said: “We are proud to be supporting a highly regarded local business that combines technological expertise with an impressive entrepreneurial flair.
“Yorkshire Bank remains committed to investing in the growth ambitions of the local business community.”
Source:Yorkshire Bank
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