Investment signals expansion for concrete company

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Concrete Products Ltd, (ECP), the firm set up in 2009 to take over concrete product operations at Eckford Quarry near Kelso, has announced it has successfully raised new investment to fund the development of the company.

Making the announcement, Humphrey Watson, founder and managing director, said that Jedburgh-based businessman Hugh Hayes had taken a “significant stake” – understood to be a six figure sum – in the business, which would help accelerate development plans for the company.

“Hugh brings with him considerable business acumen and his breadth of knowledge and range of contacts will be a huge asset in the development of ECP,” said Mr Watson.

“Apart from our sales of ready-mixed concrete from our own fleet of mixers, we concentrate on manufacturing prestressed concrete panels for permanent agricultural buildings, and feed and water troughs for the agricultural sector.

“We have also designed, developed, and patented an innovative free-standing base unit product which allows the speedy erection of temporary buildings and silos suitable for the agricultural, horticultural, and industrial sectors.

“We have already received enquiries for these innovative temporary base units, which with canopies supplied by our partner company create a robust temporary building. For example, ECP was recently asked at short notice to erect one such structure at the Rosyth dockyard – and we put it up in a day.

He concluded: “I was put in touch with Hugh by our accountants, Stark Main & Co of Selkirk, just after Christmas, and I’m pleased that we reached an agreement so quickly, which will enable ECP to meet demand this year.

“At times we can’t produce product quickly enough. This new investment will provide working capital, and allow us to expand our business by setting up a third production line. With Hugh on board, working with me, I feel very positive about our future prospects.”