$4 million investment expected to create 20 jobs and a 40% uplift in capacity
Sigmatex has begun expansion work at its Runcorn manufacturing facility in the UK; the $4 million investment is in response to the company’s impressive growth in 2014, and continued strong demand in 2015 for its innovative technologies.
Further to recent announcements about the company’s second facility in the US and its Lightweighting Centre in the UK, this investment is focused on its current technologies, servicing the automotive and aerospace markets, as well as creating extra capacity for its existing customer base.
The investment in manufacturing capacity will represent a projected 40% uplift in output, and is expected to initially create 20 new jobs. It will provide Sigmatex’s customers with additional looms dedicated to carbon textiles, as well as multiaxial, spread tow and unidirectional technologies.
Sigmatex has been developing new innovative technologies and processes with a number of OEMs, which is enabling this investment. It will generate significant growth in the aerospace and automotive markets.
Scott Tolson, CEO of Sigmatex, comments:
“This investment continues to demonstrate Sigmatex’s strategy of not only being at the forefront of the development of technical textiles, but also being at the forefront of expanding capacity, which is a prerequisite to operate in volume markets. We are committed to our customers and the markets we serve, and will continue to invest in capacity ahead of foreseeable demands.”