Glazewing boosts fleet with Liebherrs after six-figure White Oak funding
15 February 2023
British metal recycling specialist Glazewing is addressing increasing demand with two new machines after receiving a £712,000 (US$870,000) asset-backed finance facility from leading non-bank lender White Oak UK.
Glazewing collects and disposes of unwanted metal, including end-of-life vehicles and scrap from demolition sites, which it then recycles and sells to customers in the UK and overseas.
It estimates that the new machinery – two Liebherr LH40 17m machines – will allow it to increase loading capability by 20%.
The new machinery will enable the business to increase its loading capability by 20%, in line with a recent uplift in demand for its scrap metal product.
“With an uplift in demand for our recycling services, it was vital to be equipped with more efficient machinery to enable us to process metal at a faster and more energy efficient rate,” said Glazewing director Jason Minns.
“Investing in new machinery gives us the capacity to recycle more metal and make our processes even more efficient for customers, and we already have exciting plans underway in the new year to help us further expand our business.”