Thursday, November 20, 2014

News: X-Cel Superturn expand as part of the revolution on the AMP

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X-Cel Superturn, a global manufacturer of machined components, is going from Evolution to R-evolution on the Advanced Manufacturing Park (AMP) in Rotherham after finalising a deal to buy a 30,000 sq ft industrial unit for £2.75m.

In 2012, The Attercliffe firm announced that it would expand its current operations to a new 10,000 sq ft facility at the Evolution development on the AMP in Rotherham after securing a £6m contract plus financial backing from HSBC.

Fitted with the latest CNC machinery, the AMP facility manufactures proprietary metal seals and drill parts for the Subsea and Surface Tree manufacturers around the globe. It has allowed the company to increase its production capability and take advantage of new opportunities in the UK and overseas in the petrochemical power generation, aerospace and construction sectors.

The growing firm has now bought the newly-completed unit from Rotherham Council for £2.75m in order to triple the size of its operation at the Enterprise Zone. In March, landowners and developers, Harworth Estates, signed a £4.3m forward-purchase agreement with Rotherham Council for Plots 3 and 4 of the R-evolution development on the Waverley site. With construction almost complete, the council's cabinet approved the sale of Unit 3 earlier this month.

Andrew Taylor, chairman and managing director of X-Cel Superturn, said: "Our rapid growth has meant that we have quickly outgrown our premises at Evolution but we are delighted to be able to stay on the Advanced Manufacturing Park by moving to a much larger unit on R-evolution.

"Being located in a prestigious building on the AMP raises the profile of our company, it impresses our customers and makes it easier to recruit and retain skilled staff."
James Newman, chairman of the Sheffield City Region Local Enterprise Partnership, added: "In April 2012 I welcomed X-Cel Superturn to our Enterprise Zone and I am pleased that since then the business has continued to grow and grow. The X-Cel Superturn success story is being repeated across our Enterprise Zone because businesses that locate here get access to a highly-skilled talent pool, excellent transport connections and the best tax incentives available – perfect conditions for growth.

"Over the past decade, Sheffield City Region has been one of the fastest growing economies of the North. This is because landowners like Harworth Estates, local authorities like Rotherham Council and businesses like X-Cel Superturn are all working together to build our private sector and create jobs."

In 2012, Harworth Estates, the company created to realise the property assets of what was UK Coal, sold the fully-let, 87,500 sq ft Evolution development on the AMP for £7.2m.

The AMP is the UK's premier advanced manufacturing technology park and is located on the site of the former Orgreave coking works. R-evolution is a 117,000 sq ft speculative industrial development and the site's status for advanced manufacturing, combined with the financial incentives through the Enterprise Zone, the units have been in high demand.

Plot 1 (40,000 sq ft) was pre-sold to Maher, a supplier of high-performance alloys, and Plot 2 (25,000 sq. ft) to Nikken Kosakusho Europe, a supplier of precision engineering products.

Harworth is expected to bring forward three further industrial units on five acres of the 68 acres that remain to be developed for employment use at Waverley, followed by a further 21 acres for "AMPlify" – a new phase of employment development to meet the strong demand for space at the development.

X-Cel Superturn website

Images: X-Cel Superturn

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