OnePlastics Group, a conglomerate of six plastic businesses owned by Investment company One51 plc, has invested a ‘seven-figure sum’ to acquire two new injection moulding machines for subsidiary Straight Ltd, a manufacturer of wheeled bins and recycling containers.
Both of the 100-tonne and 800-tonne duo injection moulding machines, produced by Engel, have three axis robots and further investment in digital printers will enable automatic printing in line with the moulding process. They will be used to produce the 3BoxStack recycling bin system (pictured), a colour-coded, vertical-stacking unit that can be mounted to a durable trolley for wheeling to the kerbside.
The group has said it hopes the new machines will also allow the Hull-based bin manufacturer to increase production and develop new and ‘innovative’ recycling products.
This investment is part of an ongoing strategy by the OnePlastics Group to drive long-term organic growth in the six businesses in its portfolio: Straight Ltd, AAC Technology, AAC Structural Foam, MGB Plastics, Protech Performance Plastics and Protech Plastic Containers.
In July, the group made a similar investment for a 2700-tonne Krauss Maffei injection moulding machine for wheeled bin manufacturer MGB Plastics’ Rotherham factory.
OnePlastics Group was created last year by One51 plc, a move that saw the company’s six manufacturing businesses and US-based design office come together under one brand. Straight Ltd was added to the portfolio after its purchase in August 2014.
The group now has a combined turnover of around £150 million and employs 450 people.
‘Investment will help drive innovation in recycling and waste management industry’
Karl Stillman, OnePlastics Group Sales Director, said: “OnePlastics Group is committed to innovation and leading the market with products that will revolutionise the recycling and waste management industry.
“Our strategy is to strengthen and invest in all parts of our business to achieve this objective and these new machines will help with production and help develop new products.
“Straight has made a substantial investment in new product innovations over the years such as new faster cycling tooling for its kerbside box, the 3BoxStack and food waste caddy ranges and this investment will help continue this drive.
“We are confident that our ongoing investment programme will enable us to consolidate our leadership position in our chosen markets for all the businesses in the OnePlastics Group for many years to come.”
Find out more about the OnePlastics Group.