A Cairngorms timber manufacturing agency is seeking to improve gross sales by £5.3m and create seven jobs, because of a £1.5m enlargement plan.
Newtonmore-based Rosewood stated the funding would enhance its warehousing and manufacturing capability in addition to improve gross sales by 50%, price a further £5.3m.
Data filed with Corporations Home exhibits Ruswood has posted a turnover of £10.7m for the 12 months to March 2022, with a pre-tax revenue of £1.9m.
The agency stated it was on the lookout for different timber sources as provides of Siberian larch had fallen.
The corporate’s enlargement is supported by a £180,000 grant from the Highlands and Islands Enterprise (HIE) Inexperienced Jobs Fund, which goals to help jobs that produce items or providers that profit the setting or use pure sources. protects.
The enterprise has equipped timber flooring, cladding and decking merchandise to the home and enterprise sectors throughout the UK for over 30 years.
Rosewood will use the extra funds to increase the storage and ending constructing by 80%.
About 60 individuals are employed at Ruswood’s workplace and manufacturing amenities, which embrace sawmills, planing mills and coating websites.
The venture might be accomplished in two phases. The primary is being supported by HIE by way of the Inexperienced Jobs Capital Fund as a result of the positions created produce items that preserve pure sources by way of the usage of Forest Stewardship Council (FSC) wooden and embrace manufacturing processes which are extra This would come with being environmentally pleasant.
The brand new location may even help the expertise and software program wanted to enhance worker efficiencies, and help the corporate’s plans to recycle waste in packaging for e-commerce orders.
All Russwood Timber is FSC-certified, that means it’s sustainably sourced, the place the enterprise solely makes use of supplies from renewable sources and recycled or recyclable supplies the place attainable.
Funding to help low carbon initiatives
The Inexperienced Jobs Capital Fund helps companies and social enterprises create and keep jobs that produce items or providers that profit the setting or preserve pure sources.
Richard Lochhead, Minister for Simply Transition, Employment and Honest Work, stated: “Ruswood’s plans to create new jobs by way of its everlasting enlargement in Newtonmore is nice information.
“The Inexperienced Jobs Fund gives funding for companies in Scotland to create and retain jobs supporting low-carbon services and products, and contributes to assembly the Scottish Authorities’s net-zero internet ambitions.”
HIE Head of Regional Improvement for the Interior Moray Firth Juan Paulo Rodriguez stated: “Rosewood in Newtonmore is a major native employer and contributes to the economic system of the realm.
“The corporate is getting into the subsequent section of progress by driving innovation, utilizing new expertise and decreasing carbon emissions as we transfer in direction of a net-zero economic system.
“It is also about creating extra good high quality, well-paying manufacturing jobs within the venture space.”
Russwood has had earlier help from HIE, piloting the DataPath program in 2019 to assist with planning and data-informed decision-making.
Managing Director John Russell additionally participated in HIE’s Accelerated New Product or Course of Improvement program, which offered a platform to interact with innovators within the Highland enterprise.
Already a subscriber? check in
[Cairngorms timber firm to create seven jobs with £1.5m expansion,