Lincoln manufacturer set to expand into automotive sector
A Lincoln-based laser machinist of precision components, Micrometric, says it will increase turnover by a quarter after landing a £360,000 asset finance package from HSBC.
The company says it will use the cash to buy a specialised laser cutting machine to meet demand from the automotive sector.
Being one of only three firms in the UK with this specialist equipment, the new machine is estimated to increase company turnover by around 25 per cent as Micrometric expands its presence in the global automotive sector.
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