A thriving precision engineering company will be able to slash lead times and take on much larger projects when it moves to new premises.
Staffordshire Precision Engineering, in Newcastle-under-Lyme, UK, is leaving its home of 29 years and moving just over a mile to their new premises on Parkhouse Industrial Estate in November.
The £1.5 m expansion, which has been partly funded by the Regional Growth Fund, will enable it to recruit another 10 staff and add new machinery, including three DMG Mori Seiki DMU 50 five axis machines.
The investment will help the company build on several successful years, in which turnover has increased substantially on the back of component manufacturing projects in the medical technology, aerospace and leisure and gaming sectors.
Joint MD Phil Smith said: “We’ve been looking to move for two years now after reaching capacity at our current HQ and have been operating from three different sites. The move will enable us to bring everything back under one roof, and as it more than doubles our floorspace, will give us room to grow further, improve efficiency, and take on bigger projects. It will be sad to leave Redmine Close as it’s been our home since 1985, but we have very big plans for the business and this will help us take it to the next level.”
Staffordshire Precision Engineering was established in 1981 and employs 43 people.