Finance package to aid global expansion

Specialist Heat Exchangers (SHE) has secured a £4.6m finance package from HSBC’s Leicestershire Commercial team to support the company’s expansion into the US, Middle East, South America and China.

The finance facility will also enable the Lincolnshire-based company to develop new products, widening the markets it can serve.

SHE provides specialist thermal solutions for global automotive and industrial customers, from concept design through thermal and mechanical engineering to final manufacture and supply.

The company generates 45 per cent of its £11m turnover from the export market, but wants to grow this side of its business and ease its reliance on the European market, which accounts for the majority of its current overseas trade.