Foundry set for record year on back of major investment
A £250,000 investment drive is set to deliver a record-breaking year for a Black Country foundry.
Midland Pressure Diecasting (MPD), which employs 65 people across two sites on Ashmore Lake Way in Willenhall, says more than £1m of orders are in the pipeline and recent investment will ensure it has the capacity to complete in excess of £5m in sales by January, its best year since it launched in 2000.
The company has bought a Doosan CNC vertical machining centre and new spark eroder to help with growing demand from clients looking to reshore due to quality issues from overseas suppliers.
It comes on the back of securing the UK’s largest vibratory de-burring machine as part of the firm’s goal to add a single source solution for its customers, including design, toolmaking, casting and finishing.
Ash Suman, managing director of MPD, explained: “The last 12 months have been great for the business as we saw new contract wins across automotive, leisure, security and the telecommunications sectors.
“The key driver has been our ability to take on complex parts and deliver quicker than our competitors. This led to many clients choosing to reshore production from international rivals, who were just not getting it right and delivering sub-standard parts.”
With work set to increase, the company has just completed the first phase of its new factory layout which is set to boost productivity.