Jasmine Holdings Group announces significant investment in portfolio

Jasmine Holdings Group – which consists of several brands, including James Aiken Engineering Solutions, Printagraph and Jasmine Property Investments – has made the investment in response to growing demand for its companies’ services.

The group has allocated £200,000 for the purchase of a new water-jet cutting machine for James Aiken Engineering Solutions. The state-of-the-art equipment will help enhance the company’s capability and reduce its current level of outsourcing. Meanwhile, the sheet metal and fabrication specialist is also preparing to move from its existing premises in Wellington Street to a new £1 million base in Bridge of Don.

Part of the group’s strategic growth strategy, the new 17,000sqft will see it benefit from increased yard and parking space as well as the ability to use overhead cranes – a service not possible at its current location.

Jasmine Holdings Group has also announced that it has increased its share in print specialist Printagraph to 74 per cent, a rise from 42 per cent over the last seven years. This follows a recent investment £120,000 in technology at the firm. It has also added Aberdeen-base energy recruitment specialist Granite Energy Resources to its growing portfolio of companies.

Danny Cowie, group managing director of Jasmine Holdings Group, said: "This significant investment by the group into both James Aiken Engineering Solutions, Printagraph and the addition of Granite Energy Resources is part of the strategic growth plan we have in place, not just for these companies, but for the wider portfolio as a whole.

"We want our companies to fulfil their potential and we’ve acknowledged that they must be at the forefront in terms of equipment and workspace to do this. It’s an exciting time for the group, with plans for further new start-up businesses set to come to fruition in future months. We enter 2015 in a strong position and look forward to the opportunities and challenges that lie ahead."

Jasmine Holdings Group was founded in the mid-1990s by George Cowie and Neil Stewart. It has group has grown significantly, expanding into new areas including property, retail, the supply and maintenance of office machines, and integrated communications.

Published: 09 March 2015

Article by Karen Peattie
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