Black Country firm secures investment
Posted on 04 Jan 2019 and read 1003 times
West Midlands-based Star Precision Tools Ltd (www.starprecisiontools.co.uk
), a manufacturer of press tooling and components for the automotive sector, has received a £100,000 investment to produce new tooling for components needed for Jaguar Land Rover’s (JLR) recently unveiled second-generation Range Rover Evoque.
The investment is provided by the National Tooling Loan Fund and managed by Frontier Development Capital.
The project will deliver 10 specialist press tools for manufacturing components to fit in the vehicle’s glass sunroof, as well as the main plastic surround, which is crucial in reducing damage when the vehicle is crash-tested or involved in a collision.
Established in 1987, Star Precision Tools is a family-run business in Wednesbury that has supplied components and tools used by customers such as Honda, Nissan, Aston Martin, Bentley and Jaguar Land Rover.
Jayne Bates, director at Star Precision Tools, said: “First and foremost, we are a family-run business that has played a huge role in developing high-quality innovative tooling and components for clients in a range of sectors, including automotive, storage and agriculture.
"Our track record of delivering bespoke products places us well to serve new tooling requirements. This investment will help us to support JLR now and in the future, driving the short and long-term growth of the company.”