Pictured: Jitha Singh (managing director, CBS Group) and
Mike Middleton (relationship director, Lloyds TSB
Commercial)
A West Bromwich-based packaging company has moved to new
premises and created new jobs after receiving a six-figure loan
from Lloyds TSB Commercial.
Corrugated Box Supplies Limited (CBS) is a leading manufacturer
of corrugated boxes for storage and transportation use across a
range of industry sectors from wholesale and retail to
distribution.
Established in 1996 by brothers Jitha and Jan Singh, the
family-run business was previously based at smaller premises on
Kelvin Way in West Bromwich. At the end of 2011, the firm relocated
to a new 160,000 sq ft building situated on a five acre site on
Brandon Way.
CBS Group has an annual turnover of around £15 million and
now employs more than 120 people, having recruited an additional 15
members of staff since the relocation.
The move will help to facilitate CBS's future growth ambitions
and enable them to increase customer orders. It also provides the
business with more room to house their state-of-the-art corrugator
machinery, which is used to manufacture large quantities of
shelf-ready packaging products on-site.
Jitha Singh, managing director at CBS Group, said:
"CBS has enjoyed solid growth and progression in recent years
and as a result, we were more than ready to relocate to much larger
premises.
"As a Midlands manufacturer, we were keen to find suitable
premises close to our roots in West Bromwich that were big enough
to accommodate the large scale machinery that we use to produce our
packaging. The five acre site on which our building is located is
perfect for our existing needs and it also provides us with space
for further expansion as and when we need it.
"Lloyds TSB Commercial has been supportive of our growth
ambitions for many years now. We work with a dedicated local team
who were able to give us importance guidance on the relocation, as
well as providing the necessary funding for our expansion."
Mike Middleton, relationship director for Lloyds TSB Commercial,
said:
"CBS is an exciting, innovative and progressive manufacturing
business that has expanded and developed in recent years to become
increasingly well established players in the packaging
market.
"The relocation to much larger new premises demonstrates how
well Jitha and his family-led team has identified clear strategic
objectives to maximise and secure future growth in the company. The
move has also boosted the local economy by creating several new
jobs.
"At Lloyds TSB Commercial, we work hard to develop strong
working relationships with our customers. We want to provide
businesses with the support and expert knowledge to encourage
growth and enable expansion such as this, whatever the market
conditions."