Sunday, February 6, 2011

News: Cutting & Wear announce plans for a purpose-built facility in Sheffield


Rotherham manufacturing firm, Cutting & Wear has unveiled plans to move to a purpose-built £5m facility at Ecclesfield in Sheffield.

Currently based on Greasbrough Road, the company specialises in the manufacture and supply of downhole tool products and services to oil service companies across the world.

The new 3,500 sq m office and manufacturing plant will be set on a prime, 3-acre, landscaped site within the 50-acre Smithy Wood Business Park — one of St Paul's Development's newest schemes.

The new facility, which will be built to the latest environmental standards, will not only improve efficiency and streamline manufacturing processes, it will also enable the company to further develop its range of products and services. The company will be able to handle components up to 30 feet in length, compared to a current maximum product length of 20 feet at the existing premises.

Commenting on the planned move Mark Russell, Managing Director at Cutting & Wear said: "In 2006 the board set the goal of moving to a new facility as part of our strategy to develop a world class, technology based engineering company. We look forward to relocating to our new, state-of-the-art manufacturing centre and the business benefits it will bring.

"As well as improving efficiencies across the company, the new HQ will help to project the quality of the Cutting & Wear brand to oil and gas drilling companies across the world. This is a major investment for the company and sets our course for the future."

The move is being supported by Yorkshire Bank in the form of a development facility and tailored business loan. Oliver Dean, Business Banking Partner at Yorkshire Bank added: "Global business Cutting & Wear is a long-standing business customer of Yorkshire Bank South Yorkshire Financial Solutions Centre and has been considering relocating for some time in order to enhance efficiencies within its operation.

"Yorkshire Bank has remained open throughout the last two years to back successful trading businesses and is pleased to have supported Cutting & Wear through our Investing for Growth initiative."

In preparation for the move, the company continues to up-grade and expand its machining and hardfacing capacity. Last autumn they took delivery of a new 5-axis machining centre, and have recently installed an additional 3.5m milling machine.

Cutting & Wear website



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