“This investment in our waterjet capacity will allow us to boost productivity as well as significantly reduce energy consumption and waste emissions,” explained Lasershape director, Tim Leam. “Not only are we safeguarding the existing 10 jobs in this division but also creating four new posts.”
With the help of funding from the Nottingham Technology Grant Fund (N'Tech) and Barclays, the company will be purchasing two, latest generation, waterjet cutting machines and a large 7-axis CNC bending machine. The investment programme, valued at £745,000, will span 12 months.
This is the latest phase of development by the ambitious company that has grown substantially in recent years. It employs over 100 staff and operates around the clock at its new 38,000ft² factory.
“Lasershape's management team has always had the courage and foresight to invest at an early stage in order to maintain a competitive advantage,” commented Barclays' Ian Evans. “Not only will this increase productivity and improve margins, but also create employment.”
Councillor Nick McDonald, portfolio holder for jobs and skills at the City Council was equally complimentary: “Lasershape is a great local success story for Nottingham. We are keen to support businesses who wish to improve their production efficiency through energy savings and waste reduction.”
Lasershape
www.lasershape.com
