Manufacturer lasers in on £15m investment in UK HQ
Global high-powered fibre laser manufacturer IPG Photonics is to invest £15m in a new UK headquarters in Coventry.
The proposed 50,000 sq ft building at Ansty Park will create 30 jobs in electrical and mechanical production, as well as robotics and laser processing.
The centre is set to launch by 2020, following the acquisition of the 1.7 hectare site through Homes England in June 2018. It will allow IPG to accelerate laser-based manufacturing in the UK.
NASDAQ-listed IPG already has a partnership with the Manufacturing Technology Centre, the advanced manufacturing R&D hub.
The Massachusetts-based company has sites in Germany, Russia and Japan.
It is the latest in a string of US companies to invest in the Midlands, including Genesee & Wyoming – a market leader in freight transportation solutions and precision manufacturer Bromford Industries.
David Goodwin, managing director, IPG Photonics UK, said: “We believe the region will play a leading role in driving the UK’s productivity capabilities and wider Industrial Strategy – for us, there isn’t a better placed location to accelerate the industrialisation of laser-based manufacturing.
“Through our upcoming, new 50,000 sq ft facility in Coventry’s Ansty Park, we’ll be positioned well within the UK’s manufacturing supply chain, working closely with the Manufacturing Technology Centre, to bring new vertically integrated innovations to the UK market.”
Jonathan Browning, chair of the Coventry and Warwickshire Local Enterprise Partnership, said: “The multi-million-pound investment by IPG Photonics into their new site at Ansty Park underlines their commitment to Coventry and Warwickshire and will strengthen our economy.
“It is an example of what the West Midlands Local Industrial Strategy promises, as further foundations are provided to boost productivity by investing in skills, industries and infrastructure.
“It is an example of how the West Midlands is already harnessing its distinctive strengths in advanced manufacturing to drive the UK’s response to the Future of Mobility Grand Challenge.”
