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News Release from: Claro Precision Engineering
Edited by the Manufacturingtalk Editorial
Team on 01 December 2004
New investments revealed after buy-out
Leading engineering company, Claro Precision Engineering, has announced the first major investment in the company since this summer's management buyout.
Leading engineering company, Claro Precision Engineering, has announced the first major investment in the company since this summer's management buyout The GBP 250,000 investment in new equipment will keep Claro, twice winner of the prestigious GTMA Golden Globe Award and one of the country's leading experts in their field, at the forefront of British precision engineering
This article was originally published on Manufacturingtalk on 15 Oct 2002 at 8.00am (UK)
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Making the announcement managing director Martin Doxey, who led the management buyout in July, said the investment would allow the company to move into horizontal milling for the first time, and would increase both capacity and skills at the North Yorkshire site.
Doxey said: "Our aim is to build on Claro's enviable reputation for quality in the industry.
The new machining centre represents a significant investment in the future of Claro Precision Engineering and is a first step in our plans to drive the company forward." The money has been invested in a Matsuura Horizontal Machining Centre, which will be used initially to produce components for use in the communications and aerospace industries.
The machine, a Matsuura H Plus-300 PC5 model that was chosen for its reliability and accuracy, will be installed and operational at the Yorkshire based company by the end of November.
Doxey said: "Horizontal milling will enable us to offer an even better service to our customers, and help us increase our production capacity.
One of the great advantages with this machine is that it can be set to run unmanned for several hours allowing us to keep costs down and increase output.
We are determined that Claro will continue to be recognized for engineering excellence." He added: "This investment clearly shows the commitment of the new management team at Claro - it is our first investment since the buyout, but it won't be the last.".
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