Leicestershire-based Preci-Spark (
www.preci-spark.co.uk), a component manufacturer for Rolls-Royce’s XWB engine, has revealed plans to expand and create 12 jobs.
The company is seeking permission from Charnwood Borough Council to expand into an adjoining warehouse in Syston to meet a rise in demand from the Derby-based aerospace giant.
A statement to the council said: “Preci-Spark built the factory at the end of Chapel Street, Syston, in 1967, so it has been established there as a manufacturing facility for over 50 years, and this remains the head office for the group.
“It currently employs 64 people, most of whom live locally.
“A large proportion of these employees work on components for the Rolls-Royce XWB engine, which drives the popular Airbus A350 commercial airliner. “
“This engine programme has risen by 12% since 2017 and is due to rise by a further 26% in 2019, plus an additional 7% in 2020.
Preci-Spark has to boost its capacity to meet the increased demand from Rolls-Royce.
The space available in the adjoining warehouse would meet this requirement; without it, the company would need to relocate at least one of the production lines to another facility.
“If we are able to gain approval to use the warehouse for light industrial work, it will secure existing employment and give the potential for an additional 12 jobs over the next two years.”
In its most recent accounts, Preci-Spark posted revenues of £28.8 million for 2016 and pre-tax profits of £210,864.
The company was established in 1960 by chairman Ralph Jones and employs more than 450 people at six manufacturing bases in the UK.