£0.5 million investment programme
INVESTMENT IN UK PLANT SET TO SUBSTANTIALLY INCREASE INVESTACAST PRODUCTION CAPACITY
Investment casting company Investacast is set to almost double its production capacity as part of a £0.5 million investment programme by its new owners, Expromet Technologies Group (Expromet).
The investment in the business reflects the growing strength of the company’s key industry sectors – aviation, oil and gas, process equipment and safety products– and will allow the company to boast a range of new capabilities to transform its manufacturing systems.
Since its acquisition by Expromet in March 2017, Investacast has enhanced its Ilfracombe production operations with the installation of a new Gas-Fired Rotary Hearth Furnace, a new Heat Treatment Furnace and a new Wax Pattern Injection machine. It has also increased its workforce from 65 to 85 to support new business growth.
Alistair Schofield, CEO of Expromet, commented: “Investing in our people and manufacturing processes is a key part of our business plan. It will help us ramp up production to meet the growing requirements of our customers, as well as creating valuable additional capacity as we look to develop the business further”.