The Pattyman has secured loaning funding from the Development Bank of Wales to expand

A Cardiff-based artisan food firm is set to scale up production of its Jamaican-inspired produce to meet growing customer and trade demand.

Founded by Leroy Williams in 2021, the Pattyman began as a home-based venture inspired by his late parents -a father from the Windrush generation and a mother from the Valleys. Drawing on traditional family recipes,

Mr Williams set out to create a food business that celebrates both sides of his heritage through authentic Jamaican-inspired products influenced by Welsh culture and identity.

Operating from Tremorfa Industrial Estate, the business produces a range of artisan products including award-winning Red Pepper Jelly, sauces, relishes, jerk marinades, rum punch and Jamaican patties. The business supplies customers directly while also serving wholesale and trade markets across Wales and beyond.

At the heart of the brand is the Welsh concept of cynefin, meaning a sense of belonging and connection to place.

To support its growth it has secured a £50,000 microloan from the Development Bank of Wales. Mr Williams, said:“The Pattyman started as a way of honouring my parents and celebrating the cultures that shaped me. My dad came to Wales as part of the Windrush generation and my mum was from the Welsh Valleys, so I wanted to create something that brought those parts of my identity together.

“Food has always been about family, community and connection. Every recipe has a story behind it and every product reflects the traditions that were passed down to me.

“This investment gives us the platform to build on what we’ve achieved so far. It will help us increase capacity, support future growth and continue sharing the flavours and heritage that make the Pattyman unique with more customers.”

Dylan Evans, assistant investment executive at the Development Bank of Wales, said:”The Pattyman is a great example of a Welsh business with a distinctive proposition, strong values and clear growth ambitions. Leroy has built a brand that stands out through the quality of its products and the story behind them.

“Businesses like the Pattyman demonstrate how smaller investments can make a meaningful difference when it comes to increasing capacity, developing operations and supporting sustainable growth. We look forward to supporting Leroy as he takes the business forward.”

Financed by Welsh Government, the development bank’s £500m Wales Flexible Investment Fund supports Welsh businesses with terms of up to 15 years. Loans, mezzanine finance, and equity investments are available from £25,000 to £10m.

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Operating revenue fell 19% year-on-year to Rs 266 crore from Rs 329 crore, while subscription revenue declined 41% to Rs 161 crore from Rs 273 crore. EBITDA swung to a loss of Rs 109 crore from a profit of Rs 73 crore in the corresponding quarter last year.

Total expenses rose 46% to Rs 375 crore from Rs 257 crore. Cost of goods and services increased 56% to Rs 239 crore, while personnel costs rose 4% to Rs 44 crore. Other expenses, including selling and distribution expenses, increased 50% to Rs 92 crore.

The company said the operating environment continued to reflect structural shifts in the media and entertainment industry, driven by changing consumer viewing habits, increasing digital adoption, content fragmentation and heightened competitive intensity.

Against this backdrop, Dish TV continued its strategy of evolving from a traditional DTH operator into a connected entertainment platform, with a focus on strengthening its VZY ecosystem and customer engagement.

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The VZY Smart TV ecosystem includes installation at the consumer’s home, call-centre support for grievance redressal, OTT and other content bundling, content of choice at nominal charges and smart-TV features. The company also introduced its “Always On” proposition, based on a pay-as-you-watch model aimed at reducing churn and strengthening long-term customer association.
Dish TV also said it was placing greater emphasis on the South Indian market, with an introductory pack priced at Rs 149 across regional languages in South India.Separately, VZY Smart TV has announced that it has crossed Rs 200 crore in cumulative sales within the first year of its launch. The milestone is part of the group’s broader push into connected entertainment, with VZY bringing together smart TV technology, live television, OTT streaming and digital content.

Dish TV said it remains focused on accelerating its transformation into a connected entertainment company through continued investment in technology, customer experience and strategic partnerships.

Its priorities for the coming quarters include scaling the VZY Smart TV ecosystem across priority markets, strengthening the integration of DTH, OTT aggregation and connected devices, expanding regional entertainment and sports-led offerings, improving content discovery and accessibility, and building strategic partnerships.

Manoj Dobhal, CEO and Executive Director, Dish TV India, said the company remained focused on strengthening its core DTH business while building a connected entertainment platform. He said the company believes India’s entertainment market will increasingly be defined by convergence rather than substitution, with television, streaming and connected experiences integrated under the VZY platform.

Micron Technology is warning customers that those who decline to sign the company’s new long-term supply contracts could find themselves pushed to the back of the line the next time memory chips run short, as the chipmaker moves to fundamentally restructure how it does business with its biggest buyers.

Sumit Sadana, Micron’s chief business officer, laid out the company’s new approach to what it calls Strategic Customer Agreements, or SCAs, during recent public remarks, including at the KeyBanc Technology Leadership Forum. Unlike the loosely binding long-term agreements memory chipmakers have historically offered, Micron’s SCAs are structured as “take-or-pay” contracts: customers commit to purchasing specific volumes of memory chips every year through the end of calendar 2030, with no contractual way to back out. Most large SCAs run on five-year terms, while smaller customers, including several automotive suppliers, have signed three-year versions of the agreements.

Micron has said it has signed 16 SCAs so far, spanning data center, consumer and automotive customers, with more agreements signed since the company’s most recent earnings report. Those contracts are backed by more than $22 billion in cash and related financial commitments, including nearly $18 billion in upfront cash deposits, and represent minimum revenue commitments Micron has pegged at roughly $100 billion. The company has said it expects SCAs to eventually cover about half of its total revenue, and pricing under the agreements is negotiated quarterly within a floor-and-ceiling band, with floor prices set high enough to lock in gross margins Micron says exceed any prior peak in the industry’s historical cycles.

Sadana said the shift reflects a fundamental change in how customers now approach memory purchasing, given how severe and prolonged the current supply crunch has become. Speaking about customers who choose not to commit to the new agreements, Sadana warned there could be real consequences the next time the memory market tightens further. “They may not be able to get much allocation at that time,” Sadana said, referring to customers who opt to treat memory purchasing more opportunistically rather than locking in long-term commitments.

Sadana has also pointed to a broader shift already underway in the market, noting that companies which have historically treated memory purchasing tactically, buying only when prices are favorable and pulling back when they are not, are already struggling more than committed customers to secure adequate allocation in the current tight environment.

The new contract structure represents Micron’s attempt to break a boom-and-bust cycle that has long defined the memory chip industry, in which manufacturers add production capacity during periods of high demand, only to see prices collapse once that new supply comes online and demand cools. Micron Chairman, President and Chief Executive Sanjay Mehrotra has said the multi-year SCAs should improve the durability and predictability of the company’s financial performance, tying the shift directly to accelerating demand for memory tied to artificial intelligence infrastructure. Executives have said memory supply is likely to remain constrained through at least 2027, with only gradual improvement expected as new factory capacity comes online in 2028, and even then, Micron has said it does not have clear visibility into when supply will fully catch up with demand.

The new contract terms have taken on additional significance amid a high-profile standoff between Micron and Apple over the use of Chinese-made memory chips. According to reporting from the Financial Times and The Wall Street Journal, Apple has begun testing memory chips from ChangXin Memory Technologies, a Chinese state-backed manufacturer known as CXMT, for potential use in devices sold in China, as the company looks for ways to offset supply constraints and rising prices tied to the broader AI-driven memory shortage. Apple has also been lobbying the Trump administration for permission to use CXMT and Yangtze Memory Technologies, or YMTC, components more broadly, including in products sold outside China.

That effort has drawn direct opposition from Micron, which has been lobbying U.S. officials to block Apple’s plan, arguing that allowing Chinese suppliers into Apple’s supply chain could undermine domestic memory production in a manner similar to how Chinese competition previously affected other American manufacturing industries. Both CXMT and YMTC have been designated by the Pentagon as Chinese military-linked companies, and a bipartisan group of U.S. senators has separately pressured Apple to commit to avoiding chips from either supplier, citing national security concerns. Micron has argued that Chinese manufacturers benefit from extensive government support that allows them to undercut pricing in ways private companies competing on market terms cannot match.

Industry analysts say Micron’s new contract strategy and its opposition to the Apple-CXMT arrangement reflect the same underlying goal: preventing large customers from using cheaper alternative suppliers, or simply waiting out price cycles, in ways that have historically undermined chipmakers’ ability to invest confidently in new manufacturing capacity. By locking major customers into binding, multi-year commitments with substantial upfront financial stakes, Micron is betting it can convert a historically volatile, cyclical business into a more stable, predictable one, even if that means offering customers less flexibility than they have enjoyed in the past.

With memory chip demand tied to artificial intelligence expected to keep climbing for years to come, Micron’s shift toward binding, non-cancellable supply agreements marks what industry observers describe as a structural change in how the memory chip business operates, one in which customers who once could count on played market timing to their advantage now face real consequences for opting out of long-term commitments during a supply environment that shows few signs of easing before the end of the decade.