New factory for European Springs
Posted on 07 Nov 2018 and read 1393 times
European Springs & Pressings has recently doubled the size of its Cornwall operation with the purchase of a new 2,000m2
site in Penryn.
Managing director Michael Gibbs (www.europeansprings.com
) said: “Purchasing the new Penryn factory is a really exciting new chapter for everyone in European Springs & Pressings and a fantastic achievement in our 70th year. This significant investment allows for continual growth across our industrial and automotive product divisions, and it affords new opportunities for expansion across the sites in Redruth and Penryn.”
The new site will specialise in the industrial element of the business, supplying springs to various sectors, ranging from aerospace to rail to food and drink.
Mr Gibbs added: “Turnover in Cornwall has increased by 40% in the last year, and we have grown from a team of 43 to over 60. Five years ago, we relocated to a larger site in Redruth; we then extended that factory to meet demand, and we have been rapidly outgrowing our premises ever since.
"This year, we have invested over £3 million in new infrastructure, machinery and technologies, which is a strong indicator of the strength of manufacturing in the region.”
Over 20 people will be based at the new site, which is planned to be fully operational from Q4 2018. The company also has a factory in Beckenham (South London).