select

Grant helps company on the fast track to success

Posted on: 7/29/2016
Grant helps company on the fast track to success

A grant from the East Midlands Economics Online helps global manufacturer of railway fastening systems to establish new facilities.

A global manufacturer of railway fastening systems is to establish a new injection moulding facility in the East Midlands thanks to a £223,000 Grant for Business Investment (GBI) from East Midlands Economics Online (EMEO).

Pandrol UK Limited, which currently employs over 140 full time staff at its premises in Worksop, Nottinghamshire, has been producing rail fastenings since 1937 and is the global market leader.

The company has manufactured in excess of 1,420 million Pandrol rail clips that have been installed by over 411 railway companies worldwide. The GBI will help the company, which is part of the French industrial group, Delachaux SA, set up a new moulding facility at the current premises at Gateford Road, Worksop, to manufacture plastic insulators, a vital component of their patented railway systems.

Pandrol will be investing over £1.6 million in the new facility, including installing three new plastic injection moulding machines, tooling and other production equipment. The EMEO grant will support the business to establish the facility at its Worksop site.

Speaking about the investment, David Ross, Financial Director, commented: “Having our own injection moulding facility on site will allow us to reduce our costs, improve the quality of the components and give us greater control over our supply chain. We are extremely grateful for the support from EMEO towards the new facility, which will ultimately enable us to increase competiveness in our global markets.”

John O’Reilly, EMEO’s Business Support Director, said: “Pandrol is a market leader in its field and a large employer within the Worksop area. I am very pleased that we are able to help the company establish their new injection moulding facility at their current site. The investment will enable the company to operate on a more cost effective basis, providing a sustainable foundation for the future of the company and its workforce in the area.”

In addition to the site in Worksop, the Pandrol Group has manufacturing facilities across the world, including Canada, Australia, Korea, South Africa and the USA. GBI is part of the Solutions for Business Portfolio and is part funded by the European Regional Development Fund (ERDF). For more information about support available to businesses, contact the Business Link on 0845 058 6644, or visit www.businesslink.gov.uk/eastmidlands

 

For more information, visit: www.EMEO.org.uk

Share |
 
News and events > Single Item