Romag rebuilds after crisis thanks to PV

Two months after it was rescued from the brink of administration, Romag is expanding production and recruiting staff.
The jobs of 161 workers at the Leadgate, County Durham glass maker were saved whe…

Two months after it was rescued from the brink of administration, Romag is expanding production and recruiting staff. The jobs of 161 workers at the Leadgate, County Durham glass maker were saved when Wearside housing developer Gentoo bought the company in April. The move ended a difficult period for the company, which was in a precarious position following a cash crisis. In January, the firm“s shares were suspended from trading on the Stock Exchange after it emerged that ex-chairman John Kennair had made a GBP 3.97 million payment to help balance the books without informing the board. Romag was sold to Gentoo when a late bid to secure additional bank funding collapsed. The addition of a new production line and 20 staff comes as Romag begins to rebuild its reputation. The company claims to be one of only two firms in the UK to assemble photovoltaic (PV) panels, and has long-standing expertise in the manufacture of bullet and blast-resistant glass. Gentoo is expected to become a major client of Romag with plans to install solar panels on its housing stock. A spokesperson for Romag said that with demand for solar PV rising, the company will be investing in a third production line to expand capacity.