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NTG Precision Engineering has introduced plans to spice up its manufacturing capabilities with a transfer to a brand new facility within the North East.
The corporate will transfer to new premises near its present manufacturing unit in Workforce Valley, Gateshead, this summer time, serving up further capability for the precision engineering and meeting of parts.
At 45,000sq ft, NTG’s new base will likely be thrice bigger than its present website, the place it producers elements for industries like energy era, meals manufacturing, offshore power, defence and electrical autos. The agency mentioned the brand new facility, which is being developed by UK Land Estates, displays its dedication to sustainability as it is going to be part-powered by photo voltaic PV and embrace electrical car charging factors and air supply warmth.
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The positioning types a part of a pipeline of speculative industrial websites that UK Land Estates is growing in response to rising demand from business property occupiers. NTG’s growth will allow it to extend its presence in key markets, notably the defence business and the EV sector, with parts for electrical car batteries and electrical car energy trains.
At the moment using 60, of which 10 are apprentices, the transfer may also create the chance for additional recruitment because the enterprise grows its order ebook.
The growth is a part of NTG’s scale-up technique, which began with a administration purchase out firstly of 2021 and included a big funding from Ignite Progress. The MBO sparked a £3.5m programme of capital investments in specialist precision engineering tools.
Mike Hutchinson, managing director of NTG Precision Engineering, mentioned: “We’re all the time seeking to make investments forward of the curve, and our new facility will present the capability to develop the enterprise and our means to serve present and rising markets.
“We’ve maximised each sq. metre of our present facility to deal with the most recent in precision CNC capabilities and a really proficient, skilled workforce. Transferring to new premises will give us the house we want for the subsequent stage of our progress and scale our operations to serve an increasing buyer base.”
“Working alongside Ignite Progress we’ve a transparent imaginative and prescient for the enterprise and have ambitions to contribute to the consolidation of the precision engineering sector, be that by way of natural progress that we’ll obtain by way of our new manufacturing unit, or by way of potential acquisitions.”
Tim Witty, growth director at UK Land Estates, mentioned: “We’ve all the time loved working with NTG because it’s an bold and rising enterprise on Tyneside. The extremely expert producer first took premises on Workforce Valley in 1979 so it’s a pleasure for us to nonetheless be working with NTG on the subsequent section of its progress.
“At UK Land Estates, we attempt to work carefully with our tenants to assist tailor make models to go well with their enterprise wants and to assist them broaden.”
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