A Chesterfield-based company is expanding its factory after securing a six-figure funding deal from Club 66 member Yorkshire Bank.
NiTEC UK Ltd is one of the UK’s leading nickel plating specialists and boasts one of the world’s largest electroless nickel plating facilities.
Marcus Hill, Commercial Director at NiTEC UK, said: “We’ re pleased to be expanding to meet the growing demand for our expertise and products. The support from Yorkshire Bank and commitment of the NiTEC team has been instrumental in establishing our reputation and place in the marketplace.”
This expansion will allow the firm to increase existing production capacity which provides services including pipe strengthening and exterior protection to a diverse range of industries, from oil and aerospace to architecture and art. Funding support was provided by Yorkshire Bank via Steve Wicks at the Bank’s South Yorkshire Business and Private Banking Centre in Sheffield.
NiTEC UK’s laboratory team developed SeaTEC - a revolutionary coating for the marine industry which can withstand exposure to salt spray for more than 19,000 hours. Other projects include plating a gorilla sculpture created by Turner Prize winner David Mach.
Kevin Elliot, head of the South Yorkshire Business and Private Banking Centre, said: “We are proud to be supporting a highly regarded business that combines technological expertise with an impressive entrepreneurial flair. Yorkshire Bank remains committed to investing in business growth ambitions.”