Renishaw, the UK-based engineering company, announced a series of initiatives designed to provide the additional capacity required for its anticipated business growth over the longer term. These include the acquisition of the soon to be vacant Bosch manufacturing facility, located to the west of Cardiff, Wales, and the submission of planning applications to extend three of its existing facilities in Gloucestershire.
On 24th June, Renishaw exchanged contracts to acquire the Bosch manufacturing facility in Miskin, South Wales, which is located immediately next to Junction 34 of the M4 Motorway and offers 461,000 sq ft of existing factory space, including a 10,000 sq ft clean room facility, on a 193 acre site. As the existing Bosch operations are to be relocated, the purchase will be completed on 30th September 2011.
Sir David McMurtry, Renishaw’s Chairman and Chief Executive, commented that the investment is a rare opportunity to acquire a high quality manufacturing facility in a location that has excellent transport links and a local population with skills relevant to Renishaw’s business.
Whilst it is too early to say exactly what products will ultimately be manufactured in Wales, any employment created at the site will not be at the expense of permanent jobs in Gloucestershire, said McMurtry.
Renishaw is in discussions with Stroud District Council regarding a possible extension to its headquarters site at New Mills near Wotton-under-Edge where it is seeking modifications to existing planning consent to allow a phased development of up to 225,000 sq ft.
The company is also discussing further applications for a 50,000 sq ft extension to its healthcare products facility at Charfield, and a 35,000 sq ft extension to its machine shop at Stonehouse.
Sir David further said the move is an exciting time for Renishaw, but its rapid growth has presented real challenges with space, both to accommodate the new equipment required to manufacture an ever expanding range of products, and the numerous people that it is currently recruiting for all aspects of its business.
The new site acquisition and proposed expansions to Renishaw’s Gloucestershire facilities are a necessary part of ensuring for the longer term that the company can continue to prosper and create high quality jobs in the UK.
Renishaw is a global company with core skills in measurement, motion control, spectroscopy and precision machining. The company develops innovative products that significantly advance its customers’ operational performance – from improving manufacturing efficiencies and raising product quality, to maximizing research capabilities and improving the efficacy of medical procedures.
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