PG PAPER Company, the Greenock-based global broker for the paper industry has announced has grown sales by 50 per cent to £36 million for the year to March 31.
And the company is planning further growth through expansion in South America after identifying opportunities in Mexico, Brazil, Argentina and Chile.
To facilitate this next stage of its growth, PG Paper has agreed a £10 million funding package from Santander Corporate & Commercial.
The Greenock-based paper company is present in 52 countries and exports hundreds of containers per month to buyers in the Indian Sub-Continent, the Far East, Turkey and Africa.
Established in 2003 by chief executive Poonam Gupta, the firm acts as a broker, buying paper directly from mills around the world.
Ms Gupta said PG was constantly developing its presence in new markets and the facility, which includes a £3m trade bills facility and £2m foreign exchange line, was key to its expansion plans in South America.
“We seek out new, on-going opportunities that offer a win-win situation to our partners and clients. Our local knowledge, multilingual abilities and understanding of the many paper grades we work with ensures we can offer paper for alternative and innovative uses across all our markets,” she said.
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