48-year-old Dundee manufacturer eyes global growth with £3.5m funding

Rautomead, which manufactures specialist casting equipment, has secured the funding package from HSBC UK.

The cash injection will support the delivery of new international contracts and help manage the company’s supply chain requirements through a “strategic global growth plan” set to expand reach in India, South America and Turkey.

Established in 1978, family-owned Rautomead designs and builds continuous casting equipment for the production of non-ferrous metals and alloys. Its machinery is used in a range of applications, from the production of high-specification wire for high-speed rail networks and automotive signal wire, to specialist uses such as coin and bullion manufacturing.

Director Stephen Hall said: “Following a challenging period for the market, we are now seeing strong demand return across our international customer base. This funding gives us the flexibility to manage our cashflow effectively and fulfil new orders, including opportunities in new markets.

“HSBC UK really took the time to understand our business and the challenges we were facing. Their support has been instrumental in helping us move forward with confidence as we continue to grow our global presence.”

Tim Laundon, relationship manager at HSBC UK, added: “Rautomead is a long-established manufacturer with a strong international reputation in a highly specialised sector. It is fantastic that HSBC can support a business that has demonstrated such resilience and innovation, adapting to changing market conditions while maintaining its global export strength.”