Fermanagh-based manufacturer, RE-KKUR has secured a £3.75m funding package to accelerate growth by investing in new product development and enhancing production facilities.
RE-KKUR is a leader in the plaster bead market, developing and manufacturing innovative products using recyclate PVC for the construction sector. The business now produces almost 10 million metres of plastic building products per year and employs 35 people. All RE-KKUR's products are made from its own recycled plastic, RE-22, a versatile raw material, putting the business at the forefront of construction sustainability.
The latest funding package of £3.75m 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.
Using newly installed bespoke extrusion lines with high-speed tooling, RE-KKUR is scaling production to more than 25 million metres of plastic building products per year and increasing recyclate production to over 5,000 tonnes annually.
Vincent McCoy, Managing Director: "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."