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James Callander & Son in £4m funding deal

The firm have agreed a �4 million funding deal. Picture: PA

The firm have agreed a �4 million funding deal. Picture: PA

  • by SCOTT REID
 

ONE of Scotland’s biggest sawmill operators is eyeing a range of growth “opportunities” after switching banks and agreeing a £4 million funding deal.

James Callander & Son said the package from Clydesdale Bank would support the next stage of its development. It is understood that the firm previously banked with RBS.

It follows the recent opening of a custom-built sawmill at Devilla Forest, near Kincardine. The Fife site was formerly owned by the Forestry Commission.

Managing director Gordon Callander said the increase in production capacity offered by the expansion into Fife was “absolutely essential for the future development of the company”.

He added: “The Devilla site has enabled us to streamline our production process and delivered a huge boost to output. In addition, we’re benefiting from the increased storage capacity at our existing site in Falkirk.

“Ultimately, our strategy is to move our entire operation to Fife. However, at present, our focus is on consolidation across the two sites and seeking opportunities to grow the business further.”

 

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