Motion: Chemco International in Coatbridge

Chemco International in Coatbridge

Lodged by Margaret Mitchell Standard Motion 16 supporters

The motion

That the Parliament welcomes the £1 million investment by Chemco International in its Coatbridge site, which includes the acquisition and upgrading of existing buildings together with the neighbouring property; understands that phase one of the project will provide modern facilities, increase technical production and help to maximise the company’s growth in its design, manufacture and sales of innovative and environmentally-friendly protective coatings for the marine and industrial sectors; notes that this investment re-secures Coatbridge as Chemco International’s headquarters and will enable the company to expand on and around the existing site; acknowledges that this is the first major investment by the company since its founder, Mansoor Khorasani, placed it in 100% employee-ownership and in the hands of new management; commends the commitment from the 30 employee owners at Chemco International and efforts by North Lanarkshire Council, which facilitated the property purchase from North Lanarkshire Properties LLP; considers that this investment demonstrates the company’s commitment to remain and invest in Coatbridge, and wishes all those at Chemco International well for the future.

Supporters (16)