Global One-Pak trigger international expansion with support from HSBC
Global One-Pak Ltd, international provider of plastic packaging components including trigger sprays for household products, is opening an office in Hong Kong with the support of HSBC’s Commercial Banking team in the North West.
In a deal led by HSBC’s International Commercial Manager Graeme Faraday, Global One-Pak has set up bank accounts in Hong Kong to facilitate direct trade to overseas markets through its new office. The ambitious business aims to increase its export turnover from 15% to 40% over the next several years, creating a significant new revenue stream for the company.
With innovation at the heart of the business, Global One-Pak is constantly challenging the market with new products and has just had its first US and EU patents granted for its GOPvent trigger. The company currently has 50+ design registrations with the UK and EU patent office. Having created the world’s first antibacterial dispensing packaging, SteriGOP, the funding from HSBC will enable the business to continue innovating and patenting new products to further drive export sales.
Jason Trigg, HSBC’s Area Commercial Director for Manchester said, “Having support Global One-Pak since 2004, we have been continually impressed with the company’s forward-thinking business strategy and aggressive expansion targets. By investing in its new Hong Kong office, and expanding its product capabilities, the business is continually adapting to maximise growth opportunities on a global scale.”
Clive Broadbent, Director at Global One-Pak said, “Opening an office in Hong Kong perfectly positions us to target new markets with our products. To support our plans we needed a bank with international expertise to work with us on our exciting new venture. HSBC has proved to be an excellent banking partner and we are now in a position for growth and are looking forward to taking advantage of further exporting opportunities in and around Asia.”
Established in 2003, Cheshire-based Global One-Pak has a turnover of £3 million. The company supplies some of the biggest retailers including Tescos, Marks & Spencer, Waitrose, Sainsbury’s and Asda-Walmart.