Paralloy re-ignites their fire in new markets

2 min read

Advanced Manufacturing & RailCOVID-19Export

Paralloy

Paralloy Ltd

Specialists in converting raw materials into high quality premium products at the heart of the petrochemical, ethylene, syngas and energy industries. Paralloy Ltd manufacture, finish machine and fabricate specialist centrifugal castings in horizontal and vertical configurations. Trading under three divisions; Paralloy, FVC and FVE across three sites in Billingham, Middlesbrough and Sheffield.

Paralloy Ltd were supported with a seven-figure funding package to support international trade and working capital.

Since moving to Santander we have enjoyed working with a very strong team that have a true understanding of our business. Their ongoing support and proactivity has enabled us to expand into new markets internationally, and we look forward to continuing our international growth strategy.

Robert McGowan

CEO and Owner, Paralloy Ltd

Despite supply chain challenges and major economic headwinds caused by the impact of coronavirus, Paralloy has been able to mitigate much of the impact and continued to grow, successfully driving international expansion in new markets.

We are delighted to have been chosen by Paralloy as their banking partner. Given our extensive international network, we are well placed to assist Paralloy with their expansion into new, exciting global markets.

Paul Hainsworth

Relationship Director, Santander

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