Business

Global paint and repair business expands operations with new facility

Ellen Matthews, business banking manager at Danske Bank, with Richard Graham, managing director of Industrial Paint Solutions.
Ellen Matthews, business banking manager at Danske Bank, with Richard Graham, managing director of Industrial Paint Solutions. Ellen Matthews, business banking manager at Danske Bank, with Richard Graham, managing director of Industrial Paint Solutions.

PORTADOWN-based Industrial Paint Solutions (IPS), which has worked with clients in countries such as USA, China, India, Germany, Holland and Sweden, has created eight jobs with the opening of a new 30,000 sq ft facility, with a further six posts set to be recruited over the next year.

The business - set up in 2007 and currently employing 26 staff - carries out paint and repair work for clients in a number of sectors including automotive, industrial and construction.

Its latest investment has been part-supported by a substantial loan from Danske Bank.

IPS managing director Richard Graham said: “Over the past number of years the business has gone from strength to strength and we've been able to break into new markets.

"Our work in the industrial sector, mainly repairing and painting forklift parts, makes up more than half of our business, and our new powder-coating section already generates approximately 10 per cent of word. We also store forklift parts, which has created additional revenue for the business."

He added: “We originally worked from rented properties, but lack of space caused a bottleneck in our production. This new facility means we now have all our operations under one roof, including at present a three-acre site, with room for further expansion.

“Over the next 12 months we intend to grow with the market and have plans to expand the powder-coating section of our business, which is becoming increasingly popular. To provide for this, we will need to take on a further six staff in order to keep up with demand.”

Ellen Matthews, business banking manager at Danske Bank, said: “Richard and his team have identified a number of lucrative markets and ways to diversify the business into other sectors.

"This new facility means the company has further room to grow the business, and continues to be a market leader in industrial and vehicle finishing and coating.”