Alusid secures £1.3m from Green Angel Syndicate to scale up production capacity
The funding will support the establishment of a new factory and create over 70 jobs.
Share allotment filed at Companies House
Alusid manufactures sustainable architectural materials by recycling industrial waste ceramics and glass.
Alusid has secured £1.3m in funding from backers including Green Angel Syndicate. The capital will be used to support the design, planning and location of a new manufacturing facility.
The company transforms waste ceramics and glass into high-quality building materials sold under the SilicaStone brand. Its clients include Amazon, Four Seasons Hotels, Nandoes and Wells Fargo Bank.
The new production plant is expected to scale up manufacturing capacity significantly by 2020 and create over 70 jobs.
From the founder
"Our product alleviates the reliance on quarrying high volumes of virgin stone and will dramatically increase the amount of manufactured glass which can be recycled."
Alasdair Bremner
Co-founder and Chief Operating Officer at Alusid
Investor perspective
"We like Alusid a lot. Its commitment to the circular economy combined with its unique technology is a winning formula for us and I am pleased that we have had the opportunity to invest at this stage of Alusid’s development."
John Hinnigan
Chairman, Green Angel Syndicate
Use of funds
- 01Scale operations
- 02Build out infrastructure
- 03Grow the team
Investors
Categories
About the company
Alusid
Alusid manufactures sustainable surface products from recycled industrial waste for use in architecture and design.