International opportunities

PAL International, a market leader in the provision of hygiene products for the workplace, has moved its banking to HSBC in order to support its international ambitions postBrexit.

The family-run company based in Lutterworth, Leicestershire, manufactures a wide range of cleaning and disinfectant wipes for professional use, particularly targeting the medical and food manufacturing sectors. The deal with HSBC will support the company as it purchases new equipment, continues international growth and promotes expansion into the professional healthcare environment.

In particular, the business is working on plan, which will see them expand in markets beyond Europe, targeting new industries such as the aerospace, automotive and pharmaceutical sectors. The HSBC funding will provide vital assistance as the company expands its manufacturing to meet demand in these industries.

The bank’s access to, and understanding of foreign markets was a key driver the deal. HSBC’s international platforms and events will allow Pal International the opportunity to explore exciting new territories, as they expand operations into the Middle East, South East Asia, and Central Asia Pacific. The business expects the international expansion will grow the business’ annual turnover by 60 per cent by 2022.

Perminder Rupra, Managing Director, Pal International said: “The deal with HSBC is instrumental in driving the next stage of our business lifecycle.” for