Packaging Solutions Green Solutions
Packaging solution specialist Bevcraft Group has secured a seven figure funding package from HSBC UK that will help it eliminate up to 44 million units of plastic from the microbrewery sector each year.
Bevcraft specialises in sustainable packaging solutions for craft and artisan beverage producers. The HSBC UK funding will allow the company to access new digital printing machinery at its facility in Peterborough that will give independent breweries across Europe and the UK sustainable solutions for can distribution.
The new digital printing facility allows the company commercialise digital printing and will replace the need for breweries to require a plastic sleeve or label on their cans, eliminating a large volume of plastic from the supply chain.
The deal will also allow it to invest in machinery to support new product lines and services, enabling it to expand into new markets including, Portugal, Finland and Norway. In addition, the funding will also be used to boost employment in the Peterborough area as Bevcraft looks to create 20 new jobs.
Ciarán Gorman, group chief financial officer at Bevcraft Group, said: ‘We have seen an increase in demand from our customers for more sustainable solutions to packaging and we are passionate about making a difference across the brewery sector. We are particularly proud to be the first company to offer this innovative development in can production. HSBC UK and, in particular, our relationship manager Andy Geagen, have been instrumental in helping us.’
Paul Armstrong, HSBC UK area director for East Midlands, added: ‘HSBC UK is committed to helping businesses in their sustainability efforts. Reducing the use of plastic in packaging is an important priority for brewers, drinks manufacturers, retailers and consumers. This deal sees Bevcraft tackling the issue head on with an innovative solution which will have a significant impact on the market. We are so pleased to support Bevcraft Group as the business strives to eliminate plastics within the industry.’
