Altec Engineering Limited has announced a £1.5m expansion programme for the company’s Bowburn facility.
This investment, a key part of Altec’s strategy for growth over the next five years, will see floor-space increase by 75%, the recruitment of additional personnel, including more apprentices, and the purchase of new plant and equipment.
The new 7,500 sq ft extension to the company’s existing facility includes a segregated area dedicated to the build of Special Purpose Machines, while the additional floor-space available for manufacturing will house a suite of new CNC machines to meet the increased demand for precision-machined components.
There will also be new production offices and a quality department to support the additional manufacturing capacity.
The extension will allow Altec to double capacity and turnover and increase profitability. An additional 18 skilled engineering jobs will be created, five of which will be apprentices, taking the number of apprentices in training at Altec to 14, and bringing the overall number employed by the company to 80. This latest investment in apprentice recruitment and training demonstrates Altec’s commitment to delivering the skills required for future growth in the engineering sector, while safeguarding the skill base within the company.
Managing director David Steel said: “This is a key part of Altec’s strategy for the future and consolidates our plans for sustained growth over the next five years. The additional floor-space and capacity will allow us to continue to meet the increase in demand for our services and systems which we are experiencing across all areas of the business”.
This latest announcement follows a recent £600,000 investment by the company in a range of new machine tools. Altec has been in business for 35 years and services include mechanical and electrical engineering, CNC precision machining and special purpose machine design and build.