# Duo UK secures HSBC UK funding for new co-extruder and stock expansion in Manchester

Packaging manufacturer Duo UK received a multi-million pound funding package from HSBC UK to buy an Italian-made co-extruder for its Manchester factory, scaling up production by up to 20% and stock capacity by 30%. The company expects to create 5 new jobs over the next 12 months.

- Type: Investment
- Announced: 2019-02-19
- Where: Manchester, United Kingdom
- Jobs: 5
- Status: announced
- Capacity: Production scaled up by up to 20%; stock holding capacity up 30%
- Products: mailing bags, packaging products made from recycled materials, GreenPE packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Duo UK](https://endata.com/companies/4342.md)
- [HSBC UK](https://endata.com/companies/4642.md) (investor)

## Sources

- [duo-uk.co.uk](https://duo-uk.co.uk/manchester-packaging-manufacturer-bags-hsbc-uk-funding/), 2019-02-19: "The funding has enabled Duo UK, to purchase new machinery for its cutting-edge factory in Manchester."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.