OnePlastics Group invests seven-figure sum ‘Straight’ into UK subsidiary
The OnePlastics Group has made a “seven-figure” investment in two new injection moulding machines at its subsidiary, Straight PLC, a Hull-based manufacturer of recycling boxes and wheeled bins.
The move comes as the company acts on its commitment to “shape the next generation of innovative waste management and recycling products” by investing in the latest machinery and technology.
The Group says the new 1000 tonne and 800 tonne duo injection moulding machines from Engel, which will be located at Straight’s Hull factory, will allow the company to increase production and lead the market by developing further innovative recycling products.
The new machines each have three axis robots and in parallel, a further investment in digital printers will enable automatic printing in line with the moulding process. Compared to traditional off-line printing, the OnePlastics Group says the quality and consistency of product decoration will be significantly improved leading to a reduction in scrap and improved production outputs.
“OnePlastics Group is committed to innovation and leading the market with products that will revolutionise the recycling and waste management industry,”
said Karl Stillman, OnePlastics Group Sales Director.
“Our strategy is to strengthen and invest in all parts of our business to achieve this objective and these new machines will help with production and help develop new products.
“Straight has made a substantial investment in new product innovations over the years, such as new, faster cycling tooling for its kerbside box, the 3Box Stack and food waste caddy ranges and this investment will help continue this drive.”
One51plc, based in Ireland, created OnePlastics Group last year, which saw six manufacturing businesses and one design office in the US come together under one brand umbrella..
This latest investment is part of an ongoing strategy by OnePlastics Group to drive long-term organic growth in all six businesses in its portfolio. It recently invested another seven-figure sum on new machinery at Rotherham-based MGB Plastics.