Milton Keynes company now able to produce millions of Covid-19 antibody test kits a week

The plastic injection moulding company, Adreco Plastics, secured a £90,000 loan from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) which will allow them to produce the antibody kits on a greater scale.

The Bletchley-based company said it has used the funding to invest in a new moulding tool, which will increase its moulding production capacities from 250,000 plastic cases a year to 36 casings every 10 seconds, enabling the production of more than 1 million devices per week.

Sam Hill, CEO of Adreco Plastics, said: “Before investing in our new moulding tool, we were producing up to 250,000 devices per year, but thanks to HSBC UK’s backing, we are now capable of producing 1.1 million devices per week.

“Thanks to the support from our relationship manager at HSBC UK, Danny Toone, we can produce the mass levels of the antibody test kits required and play our part of the potential solution to the Covid-19 pandemic. It’s certainly one of the proudest moments in our 43-year history.”

As a result of its strong reputation, the business has recently secured a new contract from one the UK’s leading medical and technology companies to manufacture individual plastic casings for 50 million Covid-19 antibody test kits.

Neil Beattie, from HSBC UK, said the bank was pleased to provide support to the team at Adreco Plastics in the fight against Covid-19.

He said: "The new mould will not only enable Adreco to provide large volumes of the Covid-19 antibody test kits, but will also enable them to increase production to support other sectors and customers in the future. "