Anchor Magnets is possibly the only zero landfill magnet producer in the UK.
The company has invested in technology that enables it to produce a flexible magnetic compound using recycled material.
The company processes its own internal material waste and can take in product from clients and turn it into granules that can be made into flexible magnetic extrusions.
In addition to preventing material being dumped in landfill sites, the process allows Anchor to reduce the amount of raw materials it imports.
The company’s environmental credentials don’t end there, however.
The company has invested £84,000 in a project that has included the installation of 116 solar panels to cut power consumption and generate 11 per cent of its annual electricity requirement.
As a result, Anchor generates 20,000kW hours of electricity each year, around 50 per cent of which is piped into the grid, helping the company to further reduce its bills and, in one area of the factory, enabling it to draw no power from the grid during the summer.
This project has a payback of less than five years.
Anchor also recovers heat from the motor driving a compressor to provide background heating and has introduced a number of other energy-saving initiatives.