The latest venture will introduce efficiencies and create an additional 20% capacity to take on more work, which will generate a number of new jobs locally.
Plant investment is an area the company is continually reviewing as part of ambitious expansion plans, with staff actively encouraged to put forward improvement projects and spending suggestions.
Ash Suman, managing director at MPD, commented: “We are always looking at company improvements, whether via investments into plant, processes or our people. For the most recent example, we decided to look at how we could become more lean, which, in turn, would also introduce a host of operational efficiencies and, importantly, additional capacity.
“The implementation of this new machine is the first part of our restructuring strategy and the target is for it to be operational before the end of the year. We have additional plans for further investment, growing our business and helping showcase a positive outlook for UK manufacturing.”
The latest spend has marked a very good three months for the firm, with a new contract secured to supply a family suite of new tooling and castings - generating a 15% growth in turnover.
Bosses at MPD believe the work was secured due to its ability to offer a comprehensive service, from concept to delivery and encompassing professional advice on design for manufacture and design for assembly along the way.
In addition to the excellent technical advice provided, the client was also impressed with the supply of high quality tooling (die casting, press tooling and CNC fixtures) and how strict scheduling demands were met.
Mr Suman continued: “The new contract highlights how we can work more closely with our clients in the early design stages and, by offering our industry expertise, we can add real value before we even get to the manufacturing process.
“Next year will see the start of one of our biggest ever transformation projects, with the entire factory being redesigned to optimise our manufacturing performance. It will take about three months to complete, but will be a game changer when finished.”
Midland Pressure Diecasting, which boasts a £4 million turnover, offers aluminium and zinc high pressure die casting services to customers in batch sizes (ranging from 50 parts to 5 million) and with components as heavy as 6kg produced at the company’s two facilities spanning a combined 80,000ft2.
The company supplies high quality tooling and provides CNC machining services to customers who require parts to be supplied finished for their assemblies.
Midland Pressure Diecasting www.midlandpressurediecasting.co.uk
