COUNTY Fermanagh manufacturer RE-KKUR has secured a £3.75 million funding package as its looks to accelerate its growth plans.
The Lisnaskea-based plaster bead specialist, uses recycled PVC to develop and manufacture products for the construction sector.
It currently produces almost 10 million metres of plastic building products per year and employs 35 people.
The Co Fermanagh company is now investing in new product development and enhancing production facilities after taking a £3.75m funding round.
The new funding is comprised of equity investment from Whiterock’s Growth Capital Fund and debt finance from the Investment Fund for Northern Ireland, also managed by Whiterock.
RE-KKUR said it is using newly installed bespoke extrusion lines with high-speed tooling to scale up production to more than 25 million metres of plastic building products per year, and increasing recyclate production to over 5,000 tonnes annually.
“The demand for homegrown, sustainable products within the construction industry is growing and RE-KKUR is proud to be at the forefront of this transformation,” said managing director Vincent McCoy.
“The investment from Whiterock enables us to grow our production capabilities, helping to create more jobs and develop an export market from our base in Fermanagh.”
Chris Trotter, investment director at Whiterock, said: “We are pleased to be further investing in RE-KKUR as they meet increasing market demand for eco-friendly construction products.
“Whiterock look forward to helping the team reach their next milestones by increasing production and supporting their product development pipeline.”
