Wainwrights completes work on new £9m Avonmouth plant
John Wainwright & Co Ltd.'s has completed works at its new £9m asphalt plant at Avonmouth, financed by Barclays.
The new 4.5 acre Avonmouth site has paved the way for the firm to increase capacity and fulfil future business opportunities.
Founded in 1891, Wainwright acquired its existing Moons Hill Quarry on the Mendips in 1898. Wainwrights is an independent Somerset-based company committed to supplying high-quality stone, premium aggregates, asphalt and formation material to a growing client base throughout the South West.
Chief Executive, Peter Barkwill, at Wainwrights, said: "The new facility is a bold move for our company and represents an important milestone for our business. The investment will allow us to continue to strengthen our reputation across the UK for quality, service and efficiency and we have ambitious plans for the future."
The plant is located within one mile of the South West motorway network allowing access to a range of additional markets. The company employs 170 people - a figure which is set to rise as the firm's turnover increases as the new facility comes on stream.
John Squier, Relationship Director, Corporate Banking, Barclays, said: "This is an exciting time for Wainwrights and marks another significant step in developing the company's future capabilities. The funding we have provided is just one example of how we work with our clients to structure financial solutions to support their long-term plans."