Manufacturer invests in jobs and machinery as sales soar
A Shropshire manufacturer has created 12 jobs after increasing sales by £2.6m in a year.
Advanced Chemical Etching has won the new orders from customers in the UK, Europe and the Far East, taking turnover to £7.6m.
It has also invested £500,000 to maintain its momentum. New machinery means the Telford-based firm can move from manually processing 350 sheets a day to more than 1,000, giving it capacity to meet its target of £10m of sales by 2021.
Chris Ball, executive director at Advanced Chemical Etching, said: “We have built a strong track record for producing high quality precision components that are ideal for use in the electrification of vehicles and in helping to reduce weight across F1 cars, aircraft and in some intricate medical implants.
“The last twelve months have exceeded all expectations and we’re probably up an extra £1.5m on where we thought we would be. New orders have come from clients in the UK, the EU, Malaysia, Thailand and the Far East.
Despite the political uncertainty about Brexit, Ball is confident about the company’s robust trading performance and prospects.
“I know there’s a lot of speculation about Brexit uncertainty, but we’re genuinely not seeing it and believe that investing from a position of strength is the best thing to do,” he said.
All parts are developed and manufactured at its main site in Telford or at the company’s dedicated sister business, ACE Forming Limited, in Kingswinford.
