Tuesday, August 19, 2014

News: UKCG to invest in Rotherham sites

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The UK Carbon & Graphite Company Limited (UKCG) is set to expand its two Rotherham factories after securing £7m in funding from Santander Corporate & Commercial.

With head offices in Belper, Derbyshire, UKCG specialises in the controlled manufacture, machining, testing and global distribution of carbon and graphite products that are used in a range of industrial applications.

The funding from Santander will help the business to expand operations and grow market share in European and North and South American key markets and will also be used to expand production facilities at Coke Lane and on Meadowbank Industrial Estate in Rotherham.

Exporting to over 30 countries across the world, the firm was awarded the Queen's Award for International Trade in 2011. UKCG specialises in graphite electrodes which are used for the recycling of steel in the electric arc furnace industry and turnover was £23.8m in the financial year ending June 2013.

Keith McGhee, managing director at UKCG, said: "These are exciting times for the business as we increase our presence in key regions such as North and South America, as well as building on our local presence in the UK."

Jon Bennett, relationship director at Santander, added: "The management team at UKCG have a clear vision for the business. This is a true local success story, which has grown enormously internationally and I'm wholly confident that they will continue to succeed in this endeavour."

UKCG website

Images: UKCG

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