A Macclesfield-headquartered engineering group has said it will use six-figure HSBC funding to accelerate its overseas expansion.
Statiflo, which manufacturers motionless mixing technology for clients in the water treatment, oil & gas, manufacturing and pharmaceutical sectors, said it will “scale up” its workforce as it “pursues an ambitious growth strategy.
Some 70 per cent of the business’s sales are exports, it said.
The group, which currently employs 26 people worldwide, including 18 in its headquarters, said it expects to create new jobs over the next year.
Statiflo also expects revenue to increase, it said.
Gareth Fry, managing director of Statiflo International, said: “We operate on a global scale, so naturally we needed a bank that has an equally global footprint.
“All our trade facilities are now seamlessly under one roof, giving us the means of meeting larger, more demanding contracts in multiple markets, particularly from our USA office.”
This year has seen the engineering company expand into new overseas markets with a series of appointments.
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In May, the engineering company and New Zealand after recruiting business partners to spearhead growth in new markets.
The announcement came after it with the appointment of two new business partners.
The funding afforded to Satiflo is part of HSBC 海角视频’s £1.05 billion lending fund for SMEs in the north west, which is part of a wider £14bn available for SMEs across the 海角视频.
Simon Copeland, business banking relationship manager at HSBC 海角视频 Greater Manchester, said: “Statiflo is a great example of the type of dynamic global business we are delighted to support.
“Gareth and his team have considerable experience and knowledge of their diverse markets and they’re not afraid to make strategic investments.”