Laurence Kilgannon
A Port Talbot-based manufacturing start-up has received an investment of almost £900,000 to expand global sales of its smart corrosion inhibitors.
Founded by Patrick Dodds, Hexigone has discovered a way to protect metals for up to ten times longer, through their innovative, smart inhibitors – raising £894,000 of financial support to ramp-up commercial activity across the globe from its site at Baglan Energy Park.
The £894,000 investment comes from new investors including the British Business Bank Future Fund and Enterprise Investment Scheme as well as continued support from existing investors Development Bank of Wales, Armourers & Brasiers, Sunnybarn Investments and Hexigone chairman, Owen Sennitt.