MILESTONE-MARKING MANUFACTURER COMPLETES SIX-FIGURE INVESTMENT
A Warwickshire precision manufacturing company, which is marking 40 years in business, has completed a £700,000 investment drive.
Technoset, which employs 25 people at its base in Rugby, has installed four new lathes and a state-of-the-art laser scanning device to support the machining and measurement of complex components for customers involved in the aerospace, medical and fibre optics markets.
Supported by the Manufacturing Growth Programme, the company has also secured AS9100 Rev D, a quality accreditation.
The award will ensure it can deliver more than £1.4m of orders to produce engine, actuation, interior lighting and landing gear parts.
Managing director Kevan Kane said: "The business started life completing high volume/low value work, but this has evolved over the 40 years so that we are now recognised as a manufacturer of complex and specialist parts designed to be used in demanding environments.
"This has only been achieved due to a commitment to continually investing in our capabilities, the technology we use and in attracting the best talent.
"The £700,000 investment is a prime example and this gives us the platform now to take on more LTAs, longer-term agreements, and add to the current £2.2m turnover.
"Critical to our future growth was securing the AS9100 Rev D quality award, which is a very demanding and stringent process with Rev D containing a stronger focus on risk management.
"As a SME this can be a very time consuming exercise so we turned to the Manufacturing Growth Programme, which provided us with a continuous improvement project/plan and then part-funded a specialist consultant to work with us on refining our operations and developing new strategies."