Monday, December 5, 2022
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Thurrock-based Industrial Chemicals Group get £7 million funding for expansion

THURROCK-based Industrial Chemicals Group is set to expand the production capacity of its West Thurrock Chlor Alkali facility with £7m funding from Lloyds Bank Commercial Banking.

The plant is located within the company’s 90-acre production facility at West Thurrock.

Industrial Chemicals is involved in manufacturing bulk and packed chemicals for water utility industry, steel manufacturing, food industry, paper industry and homecare chemical products.

It shares a longstanding association with Lloyds Bank and the latest development is considered as another milestone of the relationship.

"We have created 53 new jobs, including the introduction of an apprenticeship programme to develop the skills of the next generation in engineering and manufacturing in the UK."

In 2013, Lloyds granted £35m finance package to Industrial Chemicals for developing its Thurrock Chlor plant.

Industrial Chemicals Group Finance head Steven Swaby said: "Following the significant investment in our manufacturing facilities two years ago, we have continued to accelerate our growth, and are pleased to introduce additional capacity to our Chlor Alkali operations in West Thurrock.

"Since 2013, Lloyds Bank’s support has enabled us to implement our strategy to increase our in-house UK manufacturing and expand our packaged chemicals division.

"We have created 53 new jobs, including the introduction of an apprenticeship programme to develop the skills of the next generation in engineering and manufacturing in the UK."

Last month, Lloyds Bank stated that it had completed its target to award £1bn funding to manufacturers in the UK.

Lloyds Bank Commercial Banking relationship director Ian Aston said: "Manufacturing is one of the driving forces of the UK economy, and we’re therefore pleased to support the installation of a new production line at Industrial Chemicals Group’s Essex headquarters."

Industrial Chemicals started its operation in the 1970s and currently employs more than 300 people.

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