Mineral Insulated Cable Company ties up export expansion plans with Santander funding
Mineral Insulated Cable Company ties up export expansion plans with Santander funding
Mineral Insulated Cable Company (MICC) Limited, based in Washington, Tyne and Wear, is one of just ten companies globally to manufacture mineral insulated cables. Mineral insulated cable is capable of operating for long periods at extremely high temperatures, during fires, and in the harshest chemical environments. Established in 2001, MICC work within various sectors including marine, automotive, power generation and manufacturing.
A truly global business, MICC’s customers are based in the UK, EU, North America, Japan and China. They have ambitious plans to further grow their overseas exports, which is supported by Santander. The funding provided will enable MICC to increase the volume of product it exports overseas and the number of countries it exports to.
The tailored international support and funding from Santander provides us with a high level of export concentration, which is fundamental to our continued international expansion into new markets. With Santander’s support, we are now looking forward to progressing our exciting growth plans.
General Manager & Director, Mineral Insulated Cable Company Limited
One area of focus is growing its exports to the power generation sector, in particular concentrated solar power. This market is currently predominantly supplied by Spanish and Chinese companies given their geography and weather conditions.
MICC exemplifies the innovation, cutting edge technology and skill of companies in the North-East of England. We are pleased to support MICC with the funding and international expertise it needs to achieve its aspiration of growing the volume and breadth of its overseas exports.
Relationship Director, Santander
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