Rosehill Polymers Group, a West Yorkshire manufacturer, has opened a new factory in Sowerby Bridge, expanding its global reach with support from UK Export Finance (UKEF) and Virgin Money.
This development follows a multi-million-pound refinancing deal that enabled the company to scale its operations and enter new international markets.
Expanding Global Reach
Rosehill Polymers Group has significantly increased its export markets from 52 to over 60 countries, marking a substantial growth in its international presence.
The company’s expansion into Latin America, Southeast Asia, and Europe demonstrates the effectiveness of strategic financial backing. This move not only enhances Rosehill’s market reach but also strengthens the UK’s position in global trade.
Opportunities for Local Communities
- The expansion creates more job opportunities in West Yorkshire.
- Apprenticeship schemes are being developed to nurture local talent.
- The focus on sustainable manufacturing aligns with environmental goals.
- Increased exports contribute to the UK’s economic growth.
Sustainable Manufacturing Practices
Rosehill’s commitment to sustainability is evident through its innovative use of recycled rubber in polymer systems. These systems are applied across various sectors including highways, rail, and security infrastructure.
By prioritizing eco-friendly practices, Rosehill not only reduces environmental impact but also sets an example for other manufacturers aiming for sustainability.
Financial Support Driving Growth
The financing package provided by UKEF and Virgin Money has been instrumental in facilitating Rosehill’s growth strategy.
The UKEF General Export Facility loan guarantee played a crucial role in enabling the company to expand into new markets while maintaining financial stability.
This collaboration highlights the importance of financial support for UK SMEs seeking international success.
Voices from Industry Leaders
Alexander Celik, CEO at Rosehill Polymers Group, said:
“Rosehill has an established history of exporting our products to several developed key markets. However, as competition within the sector increases, it is more important than ever to mirror this success elsewhere.”
“Working with UKEF has not only enabled us to tap into the potential held within Latin America, Southeast Asia and Europe, but also expand our innovative product offering to even more customers worldwide.”
“As we enter this next exciting phase of growth, our attention turns to meeting global demand, all while providing opportunities for people across Yorkshire.”
“Our apprenticeship and placement schemes lay at the heart of what we do, and as we expand our overseas footprint, we hope to see this result in increased opportunities to attract the best talent to the industry.”
Alissia Deane, West Yorkshire Export Finance Manager at UKEF, said:
“The support provided to Rosehill Polymers highlights UKEF’s commitment to helping British SMEs achieve growth in overseas markets – something which in turn supports economic growth across the UK.
“It’s fantastic to see how our support ended up helping Rosehill to reach new export markets and develop jobs and talent in the local manufacturing industry.”
Craig Wilson, Head of FX Sales & Trade Finance at Virgin Money, said:
“Rosehill are a fabulous example of a successful and innovative UK manufacturing business growing their customer base through the world, and in the process growing their workforce locally.
“We are proud to be a key partner of Rosehill and provide some of the international tools and expertise to help them to continue to grow their already impressive international success.
The current deal in conjunction with UK Export Finance is another great example of collaboration between Virgin Money and UKEF to support customers trading internationally.”
Additional Reading
Final Thoughts
The expansion of Rosehill Polymers Group underscores the potential for UK businesses to thrive globally with strategic financial backing.
By focusing on sustainable practices and workforce development, Rosehill not only enhances its market presence but also contributes positively to local communities and the broader economy.
Sources: UK Government, UK Export Finance, and Virgin Money.
Ivan Alexander Golden, Founder of THX News™, an independent news organization dedicated to providing insightful analysis on current events, prepared this article.
