Punjab Paper rolls out growth vision after £250k loan from The North West Fund for Loans Plus
A family owned toilet paper manufacturer and wholesaler based
in Darwen has secured a £250,000 loan from The North West Fund for
Loans Plus managed by FW Capital to back its continued
Punjab Paper Converters (Punjab) supplies retailers and
cash-and-carry outlets with a wide range of tissue products.
It manufactures an own-label range as well as products under
contract for brands such as Pure Soft and White Heaven.
The company, which moved to a new 30,000 sq ft manufacturing
facility in 2012, has enjoyed significant organic
growth since Managing Director, Mohammad Arshad set it up 20 years
Following the move Punjab has invested heavily in new plant and
technology to increase its production capacity and expand its
product range. It has also implemented numerous efficiency
improvements to its operations.
Having identified a number of potential new markets, Punjab is
using the loan from The North West Fund for Loans Plus to
strengthen its sales and marketing operations. The loan has
also increased the company’s purchasing power, enabling it to
purchase larger quantities of raw materials at lower cost
“We’ve built up a loyal customer base over the past two decades
because we produce high-quality products at competitive
prices. We offer a wide range of tissue products which allows
customers to purchase all their requirements from one supplier.
“Punjab Paper Converters is a family concern and my children are
committed to its long-term success. They’ve grown up with the
business and now help to run it. Moving to new premises was a
big step for us. The loan from the North West Fund for Loans Plus
and the help we received from FW Capital has provided us with the
backing we need to continue expanding,” Mr Arshad explained.
FW Capital Investment Executive, Andy Traynor completed the
investment. He said:
“Punjab Paper Converters has an excellent reputation and
numerous loyal customers built up over many years. Mr Arshad
has a great deal of technical expertise and industry knowledge
which has helped him to ensure that the company’s product range
meets customer requirements.
“Having increased its production capacity, the loan from The
North West Fund for Loans Plus has provided Mr Arshad and his
family with the backing they need take advantage of some new
opportunities they’ve identified. They plan to target a
number of existing market opportunities and also break into some
new, larger markets.
The £45m North West Fund for Loans Plus is managed by FW Capital
and can lend between £50,000 and £750,000 to North West businesses.
It is part of the wider North West Fund, financed jointly by the
European Regional Development Fund and the European Investment