QUEEN’S Award-winning Altek Europe has relocated to Chesterfield with the help of a £500,000 loan from NatWest.
The firm, which has specialist expertise in designing and manufacturing systems for recovering and reusing waste material produced by aluminium producers and processors, has moved from rented premises at Castle Donington, close to Derby, to its own premises on Turnocks Business Park.
Managing director Alan Peel said: “Through our continued investment in the design of our products and our extensive international marketing we are experiencing growing order books from around the world. The new premises provide us with the space we need to grow the business further and take advantage of the opportunities our global customer base is currently providing.
“Our hope is that this move will enable us to create more employment opportunities as the year progresses.”
Andy Upton, from NatWest’s commercial banking department, said: “Altek Europe is a success story. The recognition of their export led sales strategy provides a valuable endorsement of their business model. The new premises represent the next chapter in their history, creating the infrastructure to increase their output and create additional demand for their products.”