Leading plastics manufacturer, Polytec Group, invests in UK with new 30 million paint facility for the automotive sector
Nature of the deal: Infrastructure investment project facilitated through Enterprise Telford to service the automotive industry
Location: T54 technology park, Telford
Support provided: Delivery of £30,000 project as a result of the Telford Land Deal for the construction of a new automotive manufacturing and paint facility
Nick Munster, Managing Director at Polytec, said: “Polytec is excited about the future of its expanding operations in the UK and the additional premises secured as part of the land deal, with the support of Enterprise Telford, will significantly boost our capacity to service client contracts and win new business as we continue to scale up.”
Polytec Group is a leading manufacturer and developer of high quality plastics, supplying parts to the automotive sector and beyond. With a total of 26 sites worldwide – predominantly based across Europe, in addition to facilities in China and the US – the Austrian-based firm employs a global workforce of more than 4,500.
Experts in fibre-reinforced plastics and a full-service provider in the field of injection moulding, Polytec provides customised industrial solutions using polyurethane (as well as the specialist machinery required for their manufacture) to brands across both automotive and non-automotive sectors. The firm supports delivery of a broad range of services, from product design and testing, to tool manufacture for fibre-reinforced materials and plastic processing technologies.
Also a provider of downstream processes, such as assembly and painting, the company has recently enjoyed success securing new contracts with a number of high profile automotive clients. However, Polytec’s existing UK facility in Bromyard, Herefordshire could not meet the capacity demands required to service this new influx of work and, so, the firm began its search for additional premises to support its business growth.
Unable to find good quality sites in the Midlands, Enterprise Telford was brought in to assist the firm with their search. Following the Telford Land Deal in 2016, the inward investment body was able to help Polytec secure permission to build an additional paint facility to service the automotive sector at the T54 technology park.
Plans for the new site were unveiled soon after the completion of the Telford Land Deal between Telford & Wrekin Council and the Homes and Communities Agency (HCA) in 2016, with the support of funding from the Marches Local Enterprise Partnership (LEP) and Growth Fund.
Enterprise Telford, in its role as inward investment body for the region, played a key role in facilitating the project, helping Polytec secure planning permission for its additional UK site built on land freed up as a result of the deal.
Construction of the new facility was split into three phases, starting with the new paint facility before later progressing to the manufacturing and assembly hall. Located at plots two and three of the T45 Park, just off Junction 4 of the M54, the new site is set to open in Spring 2018.
Why does this matter?
- The new manufacturing facility is situated near the Wolverhampton site of major automotive client Jaguar Land Rover and will significantly increase Polytec’s capacity in the UK – allowing the firm to service its existing contracts as well as support future expansion.
- The first phase of the project is set to create 100 new jobs, a figure which could rise to as many as 240 as the site continues to grow – lending a significant boost to the local economy and upskilling the workforce.
- New, state-of-the-art equipment at the site will also introduce the very latest technologies to the painting process, innovating Polytec’s supply chain and helping drive efficiency.
Enterprise Telford, project lead, Sheila Dixon, said: “Polytec’s new facility at the T45 technology park marks a significant investment into the UK from a major global manufacturer and will bring widespread benefits to the area: creating local skilled jobs, strengthening the regional supply chain and helping keep Telford at the forefront of innovation in the automotive sector.
“Following on from similar land sales to German wheelie-bin maker Craemer and Canadian firm Magna Cosma Castings, this latest project further cements Telford’s status as a destination for international business and firms looking to leverage the investment opportunities brought about as a result of Land Deal.”
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