Heanor, UK - Four D Rubber Ltd, a manufacturer of latex rubber used for the medical, retail and leisure industries, is to expand into new markets and develop new products following a £3.2-million (€4.3-million) funding deal from Santander Corporate & Commercial, the UK-based company said in a statement.
The firm said it was investing in enhanced manufacturing capabilities in the UK and Sri Lanka and accelerating its product development programme including new latex free ranges.
Established in 1964, Four D Rubber manufactures latex sheeting used in applications such as exercise bands, dental dams and other medical products. The business employs 29 people in the UK and 84 in its Sri Lankan subsidiary.
For 2016, the management team is focused on expanding the business, particularly with regards to overseas growth and international markets.
According to the statement, key product lines set for investment include the personal fitness and healhcare segments.
“A key aspect of this growth strategy is to focus on the medical and exercise segments where we believe there will be increased demand in the future,” said Richard Gogerty, CEO.