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By using three Energy The business case In terms of energy efficiency, the business
Savings at a glance
faces two common challenges: it needs
Efficiency Loans from the Founded in 1985, Precision Engineering
machines that are modern enough to • Total loans value: £68,685
Plastics (PEP) started life as a 2,000.sq.ft
Carbon Trust to upgrade unit with a couple of machines for
compete in their chosen markets, and
• Total annual energy savings: £26,414
sufficient cooling equipment to keep those
equipment, Precision producing injection-moulded plastic
machines running through relentless
• Total annual CO2 savings:
components. Nearly 25 years later, the 223.65 tonnes
Engineering Plastics has company employs 59 people in its 24,000.
production cycles.
• Overall average payback period:
When the company’s equipment supplier
stayed fighting fit to face sq.ft factory in North London, which runs
recommended the Carbon Trust Energy
3.5 years per loan
24 hours a day, five days a week, and has
the recession. an annual turnover of £4 million. Efficiency Loans scheme, it was the
beginning of a long-term partnership Looking for a loan?
Initially focusing mainly on the automotive
to modernise PEP.
and engineering sectors, PEP’s customer Energy Efficiency Loans from the Carbon
base now includes companies within the Vince Marino said, “In order to succeed, Trust are a cost-effective way to replace
electrical and medical sectors, as well as we need to keep a constant eye on how we or upgrade your existing equipment with
the Ministry of Defence. The machines can expand into new markets by investing a more energy efficient version.
provide batches ranging from 50 samples in faster, more efficient, more up-to-date
machinery. The Carbon Trust’s loan Visit our website for more information
to many millions.
scheme was a perfect way to keep PEP and details on how to apply.
Directors Vince Marino and Padraic Doheny,
at the forefront of our market in terms of
had worked for the company for 19 years
technology, whilst enabling us to steadily
before successfully executing a
reduce our energy costs over time.”
management buy-out in 2005. Following
this, the two partners set-out to ‘future-
proof’ the business.
Precision Engineering Plastics
“The Carbon Trust definitely helped our company in terms of financing with
loans spread over five years. If not for this, it would be much more difficult
for a company of our size to finance and purchase new equipment
and therefore to stay competitive.”
Vince Marino, Co-Director, Precision Engineering Plastics
July 2009