DYCE-based engineering, machining and fabrication firm, Woollard & Henry, has welcomed a £1 million funding package to support operations throughout the ongoing Covid-19 pandemic.
Headquartered at Stoneywood Park and employee-owned since 2002, Woollard & Henry employs a team of 55.
The funding, from Royal Bank of Scotland, has allowed the business to expand with additional facilities in Germany and Poland.
The firm is one of the last remaining independent makers of paper watermarking machinery, in the UK.
Fred Bowden, Woollard & Henry managing director, said: “Like all other firms, we have found the last 12 months challenging but as restrictions start to ease, we’re confident that business levels will resume to, if not exceed, pre-Covid levels.
“Our history in Aberdeen dates back to 1873 and we’re very proud of the extensive and innovative products that we have developed over this period. We now supply equipment to 24 of the world’s 28 bank note manufacturers – an achievement we owe to the commitment and skill of our valued team.
“The support and funding from Royal Bank of Scotland has been invaluable as we press ahead with an exciting new chapter at Woollard & Henry, with a fruitful new business pipeline set to drive more activity for the firm.”
Last year, Woollard & Henry was awarded The Queen’s Award for International Trade 2020.