Huddersfield sustainable textiles firm set for expansion with seven-figure investment
A West Yorkshire sustainable textiles specialist has secured seven-figure funding to expand into new sectors.
Phoenox Textiles has secured a new funding package from HSBC UK to invest in new equipment to increase output and enable expansion into new markets such as the hospitality sector.
Founded by Jack Mosley in 1954, Phoenox Textiles manufactures eco-conscious products using recycled materials, and works with brands such as John Lewis and Dunelm.
The funding has enabled the family-run Huddersfield business to purchase a Zimmer Chromojet Print Line and Colour Kitchen, which it anticipates will quadruple print output of recycled material products.
In addition to expanding into new UK markets, the firm also plans to increase international exports over the next three years.
Charles Mosley, director of Phoenox Textiles, commented: “Through innovative and considerable R&D development, we’re proud to have created a high quality, eco-friendly range.
“Through this investment with HSBC UK, we hope to reach more customers throughout the UK and bring our sustainable products to a wider market.”
Mike France, relationship director for North and West Yorkshire, HSBC UK Equipment Finance, added: “We could clearly see the benefits of this investment in terms of enabling an already popular business to increase output and achieve growth in new sectors.
“We’re delighted to support Phoenox Textiles with the acquisition of this equipment and commend the business for its commitment to sustainability.”
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