Lloyds TSB Commercial Finance has provided £825,000 (€914,000)
in asset finance for carpet maker Axminster Carpets.
Lloyds’ asset finance package has allowed the manufacturer to
invest over £2 million in a water treatment plant for its Buckfast
factory, which will treat and recycle waste water at the South
Devon spinning mill.
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“It is great to see a company that is still placing emphasis on
sustainability,” said Mike Greaves, area director at Lloyds TSB
Commercial Finance.
Previously, waste water from the manufacturing process would be
discharged and treated by the local water authority, but Axminster
Carpets’ new facility has been engineered to convert its waste
water back to a level where it can be completely reused.
The residual waste is being converted to bio-fuel, with
Axminster planning – in the long term – to use the fuel to power
its lorry fleet and plant.
“The launch of the treatment plant is a considerable achievement
for us,” said Axminster’s finance director, Tony Biggs. “It will
not only enable us to operate more efficiently, but also sustain
higher volumes going forward.”
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By GlobalDataJason T Hesse
