Tuesday, April 10, 2012

News: X:Cel Superturn announces Rotherham investment


X:Cel Superturn, a global manufacturer of machined components, is the first major company to confirm an expansion into the Sheffield City Region Enterprise Zone.

The Attercliffe firm announced that it will expand its current operations to a new 10,000 sq ft facility at the Evolution development on the Advanced Manufacturing Park (AMP) in Rotherham after securing a £6m contract.

The three-year contract is to supply precision gaskets and sealing rings to a global manufacturer of subsea trees, the equipment used to top underwater wellheads and control the flow of oil or gas. The contract was hard fought with a number of prominent rival manufacturers from America and Asia vying for the deal.

The agreement will mean that X:Cel Superturn will supply components to their client's international operations located in USA, Brazil, Scandinavia and Singapore. The completed trees will then be supplied to major international oil companies, including Shell and BP, for use in deep sea oil operations.

Andrew Taylor, managing director of X:Cel Superturn, said: "I'm looking forward to expanding our operations to the Advanced Manufacturing Park to meet the demands of this new contract.

"Many of our suppliers and are based in the Sheffield City Region, and there is a lot of technical expertise in the area, so setting up our flagship operation at the Enterprise Zone was a bit of a no-brainer."

James Newman, Chairman of the Sheffield City Region Local Enterprise Partnership, said: "I would like to congratulate X:Cel Superturn on winning this major contract and I look forward to welcoming their expanded operation to the Enterprise Zone.

"I am sure that X:Cel Superturn will be in good company, as other international advanced manufacturers see our Enterprise Zone as the natural choice for their operations.

"Through companies like X:Cel Superturn, the Enterprise Zone is facilitating sustainable employment and economic growth."

Philippa Hedley, sector growth manager - Advanced Manufacturing and Materials at Creative Sheffield, said: "We are really pleased to be able to welcome X:Cel Superturn to the Enterprise Zone and we are certain that the Advanced Manufacturing Park will provide the best environment for their continued success."

Founded in 1983 Sheffield Superturn flourished as a sub-contract machine shop. Following years of collaboration, Sheffield Superturn purchased X:CEL (GB) Ltd in 2007 and at present, the company has 45 staff and a £12m turnover. The forecast is for this to increase to £18m over the next three years.

Approved by the government last month, the enterprise zone will offer a business rate discount worth up to £275,000 per eligible business over a five year period. Companies within the zone could also take advantage of enhanced capital allowances (instead of business rate discounts) for plant and machinery.

X:Cel Superturn website

Advanced Manufacturing Park website

Images: x-cel.com / Strategic Sites


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