Henrob creates 100 jobs with HSBC-backed expansion
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Flintshire-based self-piercing rivet manufacturer Henrob is creating 100 new jobs over the next 18 months after acquiring an additional manufacturing base in Deeside, supported by HSBC.
The company has purchased a 150,000 sq ft building next to its current 100,000 sq ft base on the Deeside Industrial Park to support its growth, operating the two sites in tandem. It has added 70 new roles over the past 12 months to bring UK staff numbers to 200, and it expects employee numbers to rise to 300 by the end of 2015.
The company has secured a £5.2 million finance package from HSBC's Liverpool commercial centre to support the acquisition of the building, which is currently used as a warehouse, and associated costs to convert it to a manufacturing facility.
Henrob has experienced rapid growth in recent years and turnover grew from £23 million in 2012 to £42m last year. It is targeting a turnover of around £50 million this year.
HSBC's senior international commercial manager, Daniel Peacock, said: "We are seeing business appetite for investment increasing generally across the North West, so it is positive that we have a £500 million fund specifically to support business growth."
