A Midlands-based automotive parts manufacturer has significantly upgraded its manufacturing facility following a six-figure funding package from HSBC UK.  Opus International Products has used the funding to invest in advanced machinery  for its new 40,000 sq. ft. warehouse in Leamington Spa. The new equipment has  enabled the business to increase manufacturing capacity by 80 per cent.  

The machinery includes five-axis CNC machines for producing plastic and metal  components such as powertrain assemblies, as well as multiple injection mould  machines for the manufacture of automotive and off highway vehicle components.  

The investment is expected to boost efficiency by 40 percent, adding an extra 160  hours of machining time per week by running overnight. Additionally, the deal has  resulted in the recruitment of five new employees dedicated to the new warehouse.  

The business expects the funding to result in a profit increase of £1 million year-on year. 

Suzie Siddall, Managing Director at Opus International, said: “This deal has  enabled us to expand and improve our operations. Thanks to the support of HSBC  UK, we were able to install the latest machinery, helping us improve efficiency and  overall profit while keeping Opus at the forefront of market developments.” 

Steven Eames, Relationship Manager at HSBC UK, commented: “We’re keen to  support advanced manufacturing businesses like Opus as they target growth by  investing in technology. The new machinery is a key part of the business’s plans to  expand and elevate its operations.”

This news release is issued by HSBC UK Bank plc 

HSBC UK Bank plc. Registered in England number 9928412.  Registered Office: 1 Centenary Square, Birmingham, B1 1HQ.  HSBC UK Bank plc is authorised by the Prudential Regulation  Authority and regulated by the Financial Conduct Authority and  the Prudential Regulation Authority in the United Kingdom 

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