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Birmingham Post
Birmingham Post
Business
Sion Barry

The Welsh firms in which the UK Government has ownership stakes

United Kingdom Future Fund UK Government British Business Bank

The number of firms in Wales in which the UK Government has ownership stakes, through its Covid response £1.1bn Future Fund, has risen to 10. The latest firm to agree a debt to equity conversion under fund, so giving the UK Government an undisclosed small majority stake, is Port Talbot-based, Hexigone Inhibitors.

Hexigone is addressing a multi-trillion-pound global problem with its micro-reservoir technology that is added to paints and protective coatings to prevent corrosion.

With applications across a wide range of industries including construction, oil and gas, marine and aerospace, Hexigone’s products help to reduce corrosion damage. It has completed multiple international deals in India, USA, Asia and South America.

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