Manufacturing growth

World class

Supporting the continued global expansion of Severn Glocon Group

Severn Glocon is a global leading designer and manufacturer of bespoke, severe and general source control valves, primarily for the oil and gas and power generation markets.

The business provides world-class process industry products and engineering-led service solutions to its blue-chip customer base and has an international service reach across the Middle East, the Far East, Europe, Canada, the USA and the North Sea.

The Group is rolling out its international market expansion strategy, to further elevate its ability to win significant global manufacturing and specialist engineering contracts.

Accelerating expansion

Severn Glocon needed a funding boost to continue its international market expansion strategy and further elevate its ability to win significant global manufacturing and specialist engineering contracts.

The management team, led by chief executive Maurice Critchley, approached Lloyds Bank Commercial Banking in Severnside, to secure a funding package.

Global target

Severn Glocon secured a £32million finance package from Lloyds Bank Commercial Banking to support its continued global expansion, having secured a landmark contract to supply 536 engineered control valves to the processing plant on the Ichthys LNG Project, one of the largest construction projects to date in Australia’s Northern Territory.

The project is one of the largest and most technically challenging contracts in its 50 year history, with its technical specialists developing bespoke valve designs being produced at its head office in Gloucester and its manufacturing plant in Chennai.

International growth

Mark Robinson, relationship director at Lloyds Bank Commercial Banking in Severnside, worked with area director Jason Evans, in partnership with the management of Severn Glocon, to secure the funding package.

Severn Glocon is a leading example of a UK manufacturing business that is generating steady growth both here at home and in overseas markets. Such businesses are fundamental drivers in our economic recovery and we are committed to working with them to provide the backing they need to drive growth and development.

In what has been a difficult economic climate, the bank demonstrated its support for our business model and international growth strategy by committing the funding we required.

Maurice Critchley, chief executive of Severn Glocon Group

International growth

Fuelling the sector

Severn Glocon’s global-leading reputation, industry credibility, customer retention and appetite to complete strategic acquisitions mean that it is well positioned to further accelerate its continued expansion in key territories with the help of this additional funding facility.

UK manufacturing has a fundamental role to play in rebalancing the UK economy and Lloyds Bank Commercial Banking is committed to supporting this growth by providing access to finance.

This funding facility will further strengthen our financial position and provide us with additional flexibility and capacity for growth.

Maurice Critchley, chief executive of Severn Glocon Group