A Preston manufacturing company has raised £1.34 million towards a new energy efficient factory that will transform its production capacity.
Alusid, which is the first spin-out business from the University of Central Lancashire (UCLan), makes sustainable building materials at a plant in Preston by recycling industrial waste that would otherwise go to landfill.
Products including table tops, tiles and other surfaces are sold under the brand name SilicaStone. Buyers include Amazon, Four Seasons Hotels, Nando’s, and Wells Fargo bank, which is using the material in its new London headquarters.
As at 30th June 2016, Frontier IP Group Plc (LON:FIPP) have a 39% holding in Alusid.