Coventry-based Matrix, a manufacturer of specialist internal and external grinding machines, is planning to increase its output and create a range of new products (www.matrix-machine.com).

To underpin this expansion, the company — founded in 1913 and currently employing around 30 people — is moving into a new 54,000ft² headquarters facility at Coventry Business Park.

This will give it the scope to double its workforce, as it looks to ramp up production from 20 machines per year to 100.

The company is also investing in R&D and exploring new technologies, including robotics and automation.

Paul Farndon, chief operating officer, said: “We are already based on Coventry Business Park, but our new larger site will give us a freehold home and will be ready for us to move into towards the end of 2018.

“Matrix is a global market leader in the manufacture of both internal and external thread-grinding machines, and it is very strong in the export market.

“We will continue to develop the business further by expanding our product portfolio into other grinding and metal-cutting applications.

“We are looking to become a magnet for high-end skills in the area; we will also develop young talent, as we take on more apprentices every year.

“There is a lot of history with Coventry and Matrix, and we will continue to invest in the local economy.”