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PRIVACY
Manufacturing

Forward Industrial increases PPE supply after £2.4m funding deal

Birmingham-based manufacturer worked with HSBC º£½ÇÊÓÆµ to agree fresh round of capital

(Image: Getty Images)

A Birmingham manufacturer has been helping in the battle to produce personal protective equipment after securing a new funding deal worth more than £2 million.

Tyseley-based Forward Industrial has imported and supplied five million units of PPE.

The company specialises in sourcing, manufacturing and supplying fastener components and PPE to sectors such as automotive, aerospace, telecommunications and healthcare.

The business has used £2.4 million in new funding to maintain supplier payments and support cashflow during the coronavirus crisis as well as to help purchase higher volumes of PPE from its suppliers.

It said that, since the start of the pandemic, the company had seen a 80 per cent increase in demand for PPE and worked with firms in China, India and Taiwan to supply four million civilian-use face masks to customers across the º£½ÇÊÓÆµ and Europe.

As a supplier to hospital procurement sites across the º£½ÇÊÓÆµ, the business also completed an NHS order of one million face visors during the peak of the pandemic.

Martyn Cleaver, owner of Forward Industrial, said: "As a large importer and supplier to the º£½ÇÊÓÆµ and European manufacturing markets, we have developed excellent relationships with our suppliers across Asia.

"We were able to call on our suppliers at what was and still is an uncertain time to increase imports of critical PPE and provide our customers and the NHS with extra protection."