Manufacturer RE-KKUR eyes growth in new markets after £575,000 investment

Photo on location at RE-KKUR in County Fermanagh with Una Warnock, Portfolio Manager at Whiterock Finance, which manages Growth Lending Funds I and II, and Vincent McCoy, Managing Director of RE-KKUR

Fermanagh-based manufacturer RE-KKUR is targeting growth in new markets in 2022 after investing significantly in expanding its product range and upgrading its facilities to enable recycling of polymer raw materials on-site .

Established in 2012, the plastics manufacturing company has developed the ability to recycle a wide range of polymer waste which is then used in the manufacture of its own range of products for the construction industry.

RE-KKUR is NI’s only uPVC extruded plaster bead manufacturer, using recycled industrial plastic materials to design and develop high quality building products for plastering, insulation and exterior protection professionals, including corner cords, stop cords, bell cords, motion cords, mesh cords and other roofing trim.

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In the 10 years since its inception, the firm has built up a client base in Northern Ireland, Great Britain, the Republic of Ireland and the Netherlands, aided by the backing of Whiterock Finance.

The Lisnaskea-based company secured a total of £575,000 from Whiterock Finance through Growth Loan Fund I & II, part of Invest Northern Ireland’s Access to Finance suite of funds, and grew from nine employees there has a few years to 29. staff today and production to more than 10 million meters of product per year.

To mitigate the decreasing availability of raw materials in the market, price volatility and the quality of available supplies, the company has invested in the development of a recycling plant to process its own polymer raw materials, which are then used to manufacture its products.

Additional investment in the treatment of final waste (otherwise destined for landfill) has created a new market opportunity for high quality polymer raw materials, with increased sales to both local and export customers. .

RE-KKUR, under its polymer processing division “Jaguar Polymers”, has become one of Northern Ireland’s only producers of recycled polymer feedstock, RE-KKUR uses 1,500 tonnes of recycled polymer per year from its Lisnaskea facilities, and through continued investment production will increase to 5,000 tonnes of high quality recyclate per year by 2024.

Vincent McCoy, Managing Director of RE-KKUR, said: “Over the years, we have developed an important partnership with the team at Whiterock Finance, who from the outset recognized the vision we had for RE-KKUR. . Given the current trend towards green manufacturing and the widespread recognition of the need to recycle and reduce the creation of new virgin plastics globally, we have undertaken various R&D projects to investigate the increased use of a wide range of target materials, including post-consumer recycled materials, waste packaging and other blended polymers.

“Using a wide range of recycled polymers to produce our products has helped us manage raw material costs, provide increased supply to support growth targets and given us greater ability to mitigate shortages. materials and price increases. All of these issues are faced by other manufacturers, so we believe this technology gives us a huge opportunity to sell to new customers in new markets.

Una Warnock, Portfolio Manager at Whiterock Finance, which manages Growth Loan Funds I and II, explained: “RE-KKUR is a great example of an innovative company that we have supported at many stages of its growth journey. , with funding that helps it at various points to increase production, hire new staff and perhaps most importantly develop the new process that will allow the company to expand into previously untapped sectors and new geographic markets .

And went on to say, “Recent funding enabled the company to purchase market-leading electrostatic separation equipment to process pure recycled material into rival virgin polymers.”

Funding for the £30m Growth Loan Fund II – which provides loans to established NI SMEs seeking to access growth finance – is provided by Invest NI and partly funded by the ERDF under the program European Investment Fund for Growth and Jobs 2014-2020.

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