UK manufacturer targets growth with machinery investment
One of Europe’s largest manufacturers of temporary fencing and pedestrian barriers has doubled its production capacity after securing an asset finance facility worth £3.2 million from Lloyds Bank Commercial Banking.
Based in Rotherham, ZND UK Ltd manufactures temporary fencing, hoarding and pedestrian barriers for the events and construction industry.
The business, established in 1997, has invested in a fence line machine using asset finance funding from Lloyds Bank’s Global Transaction Banking team, in response to increased customer demand.
Not only has the machine doubled output capacity, but it can also produce panels to European specifications. ZND UK currently exports 30 per cent of its outputs to the continent but since having the machine installed, is aiming to increase exports by 50 per cent by the end of the year.
James McLean, managing director at ZND UK, commented: “Growth in the construction sector has resulted in a surge in demand for our products.
“Lloyds Bank was able to identify and provide a funding solution which significantly increased our export capacity, capitalising on growing demand from overseas for products that comply with EU regulations.”
Ian Banks, relationship director at Lloyds Bank Commercial Banking, said: “ZND UK is a leading UK manufacturer, so we were pleased to support the purchase which has helped the business unlock the next stage in its growth strategy.
“This funding method is ideal for businesses looking to invest in substantial machinery equipment without paying a lump sum. Instead, that money could be better invested elsewhere’ to help support day-to-day expansion or positive growth opportunities.”
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Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.