Founded in 2016, Cemineral is a cement material supplier to the construction sector, specialising in the import of fly ash, a by-product from coal power plants that is used to make concrete stronger.
Stoke & Staffs
“Our business has a good product, strong customer relationships and there is huge potential for us to exploit demand for big upcoming projects in the UK. The funding will enable us to continue our growth journey, invest in our products and people.”
Managing Director at Cemineral
Growth and expansion
In 2016, the Government announced, in a bid to tackle climate change, the closure of all coal-fired power stations in the UK. Due to several closures of UK coal power stations that followed the announcement, the supply of locally sourced fly ash has significantly reduced. There are no coal power stations in the UK able to produce category A fly ash, however, the product is available in surplus in the EU. Cemineral caters for this market imbalance by importing high-quality fly ash from EU countries and supplying it to the UK. Since inception, the Company has acquired several key customers and seen significant growth. The funding package will enable the business to accelerate its growth plans, investing in machinery to fulfil demand from its growing customer base and create 18 new jobs across the region.
Could MEIF Maven Debt Finance help fund your growth journey?
If you’re running an SME business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions:
0121 231 7125 Birmingham | 0115 697 6160 Nottingham
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