Job-creating multimillion-pound factory plans revealed
An engineering company has revealed plans to build a multimillion-pound factory in Warwickshire which will create 75 jobs by 2020.
Lontra, which makes industrial compressors, has said the first part of the factory will open later this year near the company’s research and development technology centre in Napton-on-the Hill.
The company’s workforce is expected to double to 50 this year, with 25 new engineering and production line jobs.
A total of £65m will be invested by 2021 in the development of the factory and a further site, with funding currently being sought for a second phase of expansion.
The project is backed by Shield Group Engineering, one of the largest manufacturers in the UK with contracts to supply components to Caterpillar, Cummins, Aston Martin, Jaguar Land Rover and JCB.
Lontra chief executive and founder Steve Lindsey said:
“This is a vote of confidence in Britain’s ability to manufacture at volume and high specification at globally competitive prices.
“We’ve long led the world in innovative ideas, the spread of technology across prototyping and manufacturing means than Britain is perfectly placed to lead the fourth industrial revolution.
“This is a new chapter for our business and we are delighted to be spearheading a new wave of precision manufacturing in the UK, and are committed to the Midlands where we believe that some of the world’s very best engineering minds can be found.”
This is the first time that Lontra, which currently licenses its Blade Compressor design to global pump manufacturer Sulzer, will manufacture directly in the UK.
Greg Clark, secretary of state for business, energy and industrial strategy, said:
“Britain has a proud history of manufacturing and through our industrial strategy the government has outlined a vision that will build on our strengths in this industry and help shape an environment that enables businesses and manufacturers to thrive.
“Significant investments by companies, like Lontra, into the UK’s advanced manufacturing base demonstrate the confidence businesses have in this approach and reflects the huge opportunities that exist both in the Midlands and the UK.”