October 23 2014 Latest news:
Saturday, August 16, 2014
IT lifecycle management firm Network 2 Supplies (N2S) has continued its expansion with a major investment in its recycling services.
The Bury St Edmunds-based company has installed a £250,000 cable granulation plant which will generate up to £30,000 of additional revenue each month. Three new jobs have also been created as a result.
The new facility will benefit N2S clients by allowing them to dispose of their redundant cables in a safe and environmentally friendly manner, while also creating buyback value of cable and copper remains found following the granulation process.
The granulator shreds industrial cable and copper wires, reducing the materials to a sugar size granule, and then separates the copper from the plastic. The copper can then be recycled into new cables and the plastic can be reformed into fence posts and outdoor seating.
With a capacity to input up 800kg per hour, the new plant is expected to boost the company’s profits as it continues to make its mark on the global market.
The launch of the granulation plant comes just weeks after N2S announced two significant contract wins, which will generate up to an extra £1million revenue each year, and will see it carry out IT lifecycle management services across global locations.
N2S director Jack Gomarsall said: “These are really exciting times at N2S. In the past couple of years we have established ourselves as an international player by moving into global markets and we are delighted to now have a fully operationally granulation plant on site, which enhances our extensive recycling services.
“This development is a major part of our continued expansion plan, which we expect to generate significant additional yearly income. However, our customers will also benefit greatly through the buyback income generated as part of the granulation process.”