A Leeds-based manufacturer is accelerating its sustainability journey with the installation of cutting-edge technology which will half its energy consumption, thanks to funding from Lloyds.
Kingfisher Lubrication, a manufacturer of grease fittings for various sectors including the aerospace industry, is making a major leap in sustainability with the purchase of a machine used in manufacturing that enhances production efficiency.
This advanced equipment, named the Index MS24-6 Lathe, will cut energy costs by up to 50% for certain products, streamline production by reducing the number of machines required and significantly lower overall power consumption – all while boosting efficiency and product quality.
This investment will enable Kingfisher to expand its operations, diversify its product range and strengthen its workforce’s capabilities. Plans include hiring new talent, such as a new multi-skilled development engineer, and enhancing team capabilities through upskilling initiatives.
Lloyds’ Clean Growth Financing Initiative (CGFI) armed the manufacturer with a £1 million funding package to support the purchase of the new machine.
This builds on the firm’s investment into technology last year, also supported by Lloyds, which saw the manufacturer install a solar PV system across approximately one-third of its roof space, powering 30% of its production with renewable energy.
Serving global giants like JCB, Kingfisher is setting the standard for other manufacturers to follow suit.
Chris Ryan, Financial Controller at Kingfisher Lubrication, said: “We’re dedicated to making our operations as sustainable as possible and are always looking for ways to achieve this. Thanks to Lloyds’ ongoing support, we can continue to grow responsibly and meet our clients’ environmental expectations.
“It’s a win-win, really – being more energy efficient not only increases our cost efficiency but also allows us to be a more sustainable employer in a sector that is on an environmental journey.
“Looking ahead, we’re excited to expand our product portfolio and cement our position as a world-leading supplier of high-quality grease fittings.”
Scott Hickling, Relationship Manager at Lloyds, said: “Kingfisher is catapulting its 150-year-old business into a new sustainable future.
“Chris and the team at Kingfisher are leading the way in sustainable manufacturing, demonstrating how sustainability and business growth go hand-in-hand.
“We’re proud to support Kingfisher on their journey and encourage other manufacturers to explore opportunities to innovate and reduce their environmental impact. I’d also like to thank my colleague John Hinchliffe whose expertise has been instrumental in helping Kingfisher achieve this next step.”
