£4.2 million project promises it will create 97 new jobs, backed by 50% government grant
Refrigeration technology firm and Cooling Awards sponsor Adande has announced it is leading a £4.2 million project, together with refrigerated cabinet specialist Bond Group and plastics designer Plas-Tech. The project, based on Adande’s Aircell airflow management system will create as many as 97 new jobs, it is promised.
The project is backed by a grant of £2.1 million and a loan of £380,000 from the government, awarded in March under its £125 million Advanced Manufacturing Supply Chain Initiative (AMSCI).
Adande’s Managing Director, Ian Wood, said:
“We have made a significant investment in the design and development of Aircell, with recent in-store trials bringing the technology within the realms of commercial viability. The award of the grant - and the equity investment, which we are currently seeking - will enable us to fine-tune Aircell to meet the specific needs of retailers for sustainable refrigeration, offering tangible energy savings and an improved shopping experience.”
Last week Adande hosted a visit to its Lowestoft factory from Secretary of State for Foreign and Commonwealth Affairs, Philip Hammond, and local MP for Waveney, Peter Aldous.
The Minister was briefed on Adande’s track record for product innovation and green initiatives in foodservice refrigeration, as well as the company’s rapid growth and its growing importance as an employer in the area. The company’s export growth, with sales in Europe, Asia and the Americas, was also discussed.
Mr Hammond said: “Everybody talks about the very big household named companies and of course they are very important to us, but most of the jobs being created in our economy are being created in small businesses - that is where the future is.”
Adande manufactures a unique and patented refrigerated drawer system used in a wide variety of foodservice applications, which has seen it win a Cooling Award for Refrigeration Innovation.
The company’s current turnover, of in excess of £5 million, is expected to grow to between £20 million and £30 million by 2018, with its workforce doubling to over 60 in the same period.
Mr Aldous added: “I was very keen for Philip to come up here and see what I have seen over the last four years; how Adande has grown and is moving forward. They are up for the challenge and pursuing export markets around the world; this is the type of business that we need to be encouraging and helping to facilitate their growth.”