Fabric supplier Panaz has moved from its Fence home of 30 years into new larger premises in Hapton.
Panaz is now based in Bentley Wood Way after securing support from HSBC to move from Spring Hill, Fence.
We are at an exciting time in the company’s historyTony Attard, founder and managing director
The new premises will increase the space available and help Panaz to meet its plans to expand geographically, particularly into China, and into additional sectors, with a view to increasing its turnover to £20m. within three years.
Tony Attard, founder and managing director, said: “Panaz is an ambitious business and we recognise the importance of business relationships. We are at an exciting time in the company’s history, and I am pleased that HSBC appreciated the vision of our growth plans and have been partners throughout our journey so far, helping us grow in the UK, break into new territories overseas and create jobs across our portfolio. We are very proud of what we have achieved so far, and with the fantastic team of people we have working within our business we have all the foundations in place to continue our exciting growth programme.”
The company supplies fabric to a number of different sectors including healthcare, for which it produces material with specialist anti-microbial treatments; the corporate sector, where it works with manufacturers of office furniture; and hospitality, with fabrics for use in hotels, theatres, casinos, restaurants and aboard cruise ships.