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Duo’s investment plans proved a winner with EIB

Duo's decision to invest in additional automatic bag making capacity at our Manchester plant has proved a winner with the European Investment Bank (EIB), who has confirmed that Duo qualifies for a cash back award under their scheme to assist companies providing environmental benefits.

Duo is a leading manufacturer of polythene mailing bags extensively used by internet retailers to deliver their products safely to their customers.  As a specialist in branded packaging, Duo are responding to their customers rapid growth in this sector by installing new energy-efficient machinery, capable of producing high quality and high volumes of branded mailing bags.

Duo's award follows nomination by their plant-financing specialist advisor, Sarah Pickering at Barclays Business Finance in Manchester.  The managing director of Duo, David Brimelow enthused about the news, "How often do you see a bank going the extra mile, unprompted like this, it can only strengthen our relationship with Barclays."  

The EIB is a non-profit making institution whose shareholders are the member states of the European Union.  Their work includes assisting small and medium sized businesses finance projects, which will enhance certain industries and provide environmental benefits provided within member countries.  EIB's support enables eligible customers to reduce the cost of their finance through a one-off cashback payment to offset the costs involved.

Published: 25/06/2010

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Thanks to our on-going investment in closed-loop recycling, we're able to reduce our dependency on natural materials.

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