The specialist glass manufacturer will use the funding to future-proof the business by purchasing new furnaces and robotic handling equipment that will significantly upgrade and enhance its production line for generations to come.
Established in 1985, Ravensby Glass is part of Malcolm, Ogilvie & Co Ltd which has manufacturing roots in Dundee dating back over 175 years.
It is one of the UK’s leading manufacturers and processors of insulated glass units. Boasting a significant portfolio of products, the business processes and supplies toughened glass from its two purpose-built factories for the public, residential, commercial and healthcare markets.
In addition to the funding from Royal Bank of Scotland and Lombard Asset Finance, Ravensby Glass was also recently awarded a Regional Selective Assistance (RSA) Grant through Scottish Enterprise as it continues to focus on the future.
Nicholas Cunningham, Malcolm, Ogilvie & Co Chairman, said: “We take great pride in what we do and it is inevitable that we must continue to evolve to future-proof our product and our business. This funding has enabled us to invest in modern automation equipment and our engineers and factory staff are currently undergoing training for the new machines, geared towards enhanced quality control.
“We’ve been a customer of the bank for over four decades and it was a seamless process working with Kenny Walker at Royal Bank and Suzanne Smith at Lombard to secure this funding.”
Kenny Walker, Senior Relationship Manager at Royal Bank of Scotland, said “Ravensby Glass has a legacy in Dundee and it is always rewarding to support local businesses investing in their communities, so it was fantastic to support them in this latest investment project. We wish Nicholas and the team every success for the future.”