A UK engineering firm has announced an £8million investment for a manufacturing base which will produce specialised products for the energy industry.
Darchem Engineering said demand for its products has been so high that an additional manufacturing facility is needed for the growing market of large scale nuclear fabrications. The company also produces specialist products for the oil and gas, aerospace and automotive industries.
Graham Payne, Managing Director of the company said: “The potential in a range of sectors is excellent for us at present. We have already won a multi million pound contract to supply a precision engineered product to support the nuclear sector and there is the possibility of us adding even more substantial orders.”
The company claims the new project, which is supported by a £1million grant from the Government’s Regional Growth Fund, will create 86 new highly skilled posts.
Deputy Prime Minister Nick Clegg said: “This £1 million investment in Darchem’s plant in the town is precisely why we set up the Regional Growth Fund – to unlock the private sector funding that creates jobs and boosts local economic growth.”