News: RediGroup to invest £4m in new facility
RediGroup, the Rotherham-based pallet racking and mezzanine floor manufacturer, is to invest in an "Automated Warehouse Innovation Centre" after finalising £1m from the government's Regional Growth Fund (RGF).
RediGroup will use the grant to further develop and market its RediLogX automated materials handling solution – which it will launch officially at the forthcoming IMHX exhibition.
RediLogX will provide customers with an automated system to control the throughput and storage of high value and perishable goods whilst saving significant operating costs and improving carbon footprint impact.
The new centre will be built close to its existing Mexborough headquarters and manufacturing plant from where automated systems based around the RediLogX technology will be researched and trialled.
Construction work on the new facility will start straightaway with completion scheduled for Summer 2013.
Once the Innovation Centre goes live, a number of new jobs will be created - in both research and development and production roles.
Andrew Forsythe, managing director of RediGroup Ltd, said: "We are delighted to have received this substantial sum from the Regional Growth Fund.
"In all, we will be investing over £4m over the next five years. Significant expenditure is required to develop blue print solutions using test rigs and robotics and, of course, for the actual development of the Innovation Centre building.
"Research engineers will be recruited and expertise in engineering systems and software modeling will be accessed through research institutes and other supply partners."
Deputy Prime Minister and Sheffield MP, Nick Clegg added: "I'm delighted that RediGroup can grow and innovate thanks to a £1m cash injection from the Regional Growth Fund. Our great regions are the jewels in our crown, and I'm proud of our thriving industries in Yorkshire."
The RGF is the government's main source of funding for economic development and regeneration. Over 400 applications competed for a share of £1 billion funding in the third round of the fund.
RediGroup website
Images: redigroup.co.uk
RediGroup will use the grant to further develop and market its RediLogX automated materials handling solution – which it will launch officially at the forthcoming IMHX exhibition.
RediLogX will provide customers with an automated system to control the throughput and storage of high value and perishable goods whilst saving significant operating costs and improving carbon footprint impact.
The new centre will be built close to its existing Mexborough headquarters and manufacturing plant from where automated systems based around the RediLogX technology will be researched and trialled.
Construction work on the new facility will start straightaway with completion scheduled for Summer 2013.
Once the Innovation Centre goes live, a number of new jobs will be created - in both research and development and production roles.
Andrew Forsythe, managing director of RediGroup Ltd, said: "We are delighted to have received this substantial sum from the Regional Growth Fund.
"In all, we will be investing over £4m over the next five years. Significant expenditure is required to develop blue print solutions using test rigs and robotics and, of course, for the actual development of the Innovation Centre building.
"Research engineers will be recruited and expertise in engineering systems and software modeling will be accessed through research institutes and other supply partners."
Deputy Prime Minister and Sheffield MP, Nick Clegg added: "I'm delighted that RediGroup can grow and innovate thanks to a £1m cash injection from the Regional Growth Fund. Our great regions are the jewels in our crown, and I'm proud of our thriving industries in Yorkshire."
The RGF is the government's main source of funding for economic development and regeneration. Over 400 applications competed for a share of £1 billion funding in the third round of the fund.
RediGroup website
Images: redigroup.co.uk
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