Leading IT lifecycle management company set for major profit boost after expanding its recycling services
An IT lifecycle management company has continued its year on year growth by making a major investment into its recycling services.
Network 2 Supplies (N2S) – the UK’s leader in IT lifecycle management – has made a £250,000 investment to install a cable granulation plant at its Bury St Edmunds site. The new plant will generate up to £30,000 additional revenue each month. Three new jobs have also been created as a result of the development.
The new system will benefit N2S clients by allowing them to dispose of their redundant cables in a safe and environmentally friendly manner, but also by creating buyback value of cable and copper remains found following the granulation process.
The granulator shreds industrial cable and copper wires reducing the materials to a sugar size granule and then separates the copper from the plastic. The copper can then be recycled into new cables and the plastic can be reformed into fence posts and outdoor seating.
With a capacity to input up 800kg per hour, the new plant looks set to boost the company’s profits as it continues to make its mark on the global market.
The launch of the granulation plant comes just weeks after N2S announced two significant contract wins, which will generate up to an extra £1m revenue each year, and will see it carry out IT lifecycle management services across global locations.
N2S company director, Jack Gomarsall, said: “These are really exciting times at N2S, in the past couple of years we have established ourselves as an international player by moving into global markets and we are delighted to now have a fully operationally granulation plant on site, which enhances our extensive recycling services. This development is a major part of our continued expansion plan, which we expect to generate significant additional yearly income. However, our customers will also benefit greatly through the buyback income generated as part of the granulation process.”
