European Springs & Pressings has strongest year ever
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Over the last 12 months, European Springs & Pressings, has invested over £2.5m in their factories with a further £1.5m invested more recently in a number of new advanced technologies. A new powder-coating line has been installed in a 700 sq. metre extension, a new heat treatment oven acquired and two high-performance spring-end grinding machines complete the recent purchases in Cornwall.
Following a record year for progression and multi-slide tooling orders, further investment continues in the Beckenham factory with £500k invested in a new wire eroder, increasing press tool-making capacity by an additional 30%, further enhancing European Springs & Pressings ability to produce bespoke stampings and fasteners in low, medium and high volumes. Work is also currently underway on a new extension, expanding the premises by a further 30%. Three new spring coilers, operating at twice the speed of previous machines, have exponentially expanded production times; securing outputs in the millions in half the time.
Additional new equipment, spread across the Cornwall factories, has doubled the grinding capabilities in the company’s industrial sector and expanded the automotive sector grinding facilities by 400%. The new heat treatment oven and powder coating line increases automotive production infrastructure by 200%.
Michael Gibbs, Managing Director of the Cornwall operations concludes: “Developing enhanced manufacturing capabilities through investment in high-tech infrastructure and education, enables us to sustain manufacturing competitiveness. With a global market place across multiple industries, it is essential that we maintain our reputation for innovation and manufacturing excellence.
“We’re accelerating our expertise in direct response to customer demand and our programme of financing is strategic, reflecting a number of years of record growth.
Our parent company, Lesjofors, has just reported its strongest year ever with €255m in sales in 2018. Together, we’re set to enhance our global positions.”