Gateshead-based NTG Precision Engineering
has increased its investment in specialist technology to almost £1 million in recent months.
The Team Valley-based company has installed an XYZ three-axis CNC milling machine to fulfill a contract for high-precision components and it is also awaiting the delivery of two Haas four-axis CNC milling machines later this month.
The total cost of the three large-framed machines is £400,000 and follows a recent £500,000 spend on a CNC cylindrical grinder. The purchases are part of a planned £3.5 million investment programme in capital equipment and staff by the firm, which provides a comprehensive range of sub-contract multi-axis CNC machining and precision engineering services.
The XYZ milling machine was sourced quickly from Devon-based XYZ Machine Tools
in response to a client’s specific requirements and will enhance overall capacity to meet a growing order book. The other two acquisitions are Hass VF6 four-axis milling machines.
Mike Hutchinson, managing director of NGT Precision Engineering, said: “The ongoing investment in equipment underlines this company’s ambition to continue to grow and to ensure it becomes one of the country’s most versatile and cost-effective precision engineering sub-contractors. High-precision quality components
“We already offer an extensive range of bespoke engineering solutions, manufacturing high-precision quality components for use in multiple sectors, ranging from renewables and electric vehicle manufacture to subsea and power generation.
“NTG Precision Engineering is proud to support our clients’ diverse needs by giving them access to specialist knowledge and skills. We possess the capacity and capability that allows these businesses to benefit from our quality, flexibility, and quick turnaround times, without the need to make major capital investments.”
The company, which has more than 40 years’ experience in the sector, was the subject of a successful management buy-out in December 2020. Investors in the business, which has since grown its workforce to 58, including ten apprentices, includes Sir Brian Souter, the co-founder of the Stagecoach Group, and private equity investment firm, Ignite Growth.
Its range of services includes: five-axis precision machining; CNC turning; milling and grinding; conventional milling and turning; CMM inspection; precision welding; surface treatments; heat treatment; and materials testing.