Product category:
Fabrication Subcontracting Services
News Release from: Responsive Engineering
Edited by the Manufacturingtalk Editorial
Team on 07 December 2006
Manufacturing and engineering for growth
Responsive Engineering Group has announced it is investing GBP 2 million over the next two years in new technology improvements to support and extend its subcontract manufacturing services.
A North East manufacturing and engineering group is planning a major investment programme aimed at securing further market success The Team Valley-based Responsive Engineering Group has announced it is investing GBP 2 million over the next two years in new technology improvements to support and extend its subcontract manufacturing services
This article was originally published on Manufacturingtalk on 15 Jan 2007 at 8.00am (UK)
Related stories
Wing skin production tooling contract completed
A GBP 500,000-plus contract to provide modifications to manufacturing tooling at Airbus UK's wing skin production facility at its North Wales site has been completed.
WElding added to presswork and metal forming
Responsive Engineering has extended its metal fabrication and assembly facilities with a commercial welding operation to support its existing specialist presswork and metal forming.
The investment will be spread across all four group businesses, Streamline Kingsway, Weldex and Pressex which together provide specialist waterjet and laser cutting, precision engineering, welding, pressing and assembly services.
Responsive's customer list includes Airbus, BAE, Siemens and Exxon and the expansion is aimed at developing further opportunities in the defence, aerospace, oil and gas and other key market sectors.
Up to 30 new engineering jobs will be created across the group companies and the anticipated sales growth will take the company through the GBP 10 million mark.
Responsive became an independent business in the middle of last year as a result of an MBI/MBO led by managing director Peter Bernard.
The investment has also attracted Selective Finance for Investment support from One NorthEast.
Peter Bernard said: "We are delighted by the confidence shown by One NorthEast in the group's management and staff and in our business plans.
The capital investment programme has been planned since the change in ownership following the buy out last June and will represent the biggest investment drive in the history of the company.
The intention is to ensure that the group and its constituent companies can offer the very latest technology as part of its service to customers to develop further business opportunities in some key markets." The first stage of the new investment in advanced plant and new equipment is expected to take place in late summer.
Ian Williams, head of One NorthEast Business Investment and Finance Team, said: "The GBP225,000 grant we have offered Responsive will create 30 valuable new jobs as part of its extensive investment programme in its business.
"We are delighted to be able to help this forward thinking company with its expansion plans to capitalise on new market opportunities." Responsive Engineering Group was set up as a holding company in 2000, but its individual subsidiaries have been trading since 1991.
• Responsive Engineering: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
