Thursday, October 29, 2009

News: Metalysis to create 90 new jobs


Yorkshire Forward has confirmed a £1.5 million grant to Metalysis, the Rotherham-based technology innovator for the speciality metals industry.

The award from the Selective Finance for Investment scheme will help create 90 highly skilled jobs as the company gears up to develop a pioneering semi-continuous plant to produce titanium and tantalum powders for worldwide markets.

The Manvers company holds the worldwide exploitation rights to the FCC Cambridge process which sees specialist powder metals created in a simple, cost effective process with significant environmental benefits.

Mark Bertolini, Chief Executive of Metalysis said: "Yorkshire Forward has played a key role in enabling us to establish a commercial and core production hub here in South Yorkshire as we address lucrative markets around the world.

"The Regional Development Agency has again given us essential financial support as we enter a critical project, by the end of which we expect at least another 90 people to be sharing in our continued progress."

"We have overcome some difficult challenges to prove our breakthrough FFC process technology. On the way, we have adjusted our commercial priorities, more closely identified priority niche markets around the globe, and adapted our strategy.

"Now, with Yorkshire Forward among those who are investing in our technology and our workforce, we can move on to develop our capability and produce commercial grade titanium and tantalum products profitably, in sufficient quantities and at competitive costs."

Simon Hill, Executive Director of Business for Yorkshire Forward comments: "This Yorkshire Forward grant has secured the production of innovative products and entry into new markets for Metalysis.

"It will create 90 direct jobs for the industry, not to mention the positive impact on supply chains throughout the region. It will also further cement Yorkshire and Humber's already strong reputation in advanced manufacturing."

During the last five years Metalysis has raised £19 million in venture capital and a further £4.8 million in grants. From a workforce of three in 2005, the business now employs 50 people.

The new jobs range from research scientists and process development engineers to production operatives and sales staff.

Metalysis website
Yorkshire Forward website



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