Manufacturer Xtrutech creates engineering roles in move to new Festival Park premises
STRONG export demand has spearheaded the expansion of manufacturer Xtrutech. It is creating seven new engineering roles with its move to new premises in Festival Park.
Five-figure funding support from Michelin Development and the Stoke-on-Trent and Staffordshire Jobs and Growth Fund has enabled the business to put its growth plans into action. Xtrutech, which designs, builds and services twin screw extruders for blue chip manufacturing companies across the world, has taken on new 6,500 sq ft premises to meet growing international demand for its products and services.
The move will allow the firm, which was formed in 2002 by Graham Edwards and Richard Johnson, to increase its machine-building capacity and provide space for new personnel after it outgrew premises in Newcastle-under-Lyme.
Graham Edwards, managing director of Xtrutech, said: "These are really exciting times for the business. "We have a growing international reputation, but desperately needed more space and capacity to service our order book. "This move will allow us to showcase our technology to potential customers on site, as well as provide vital shop floor space to assemble new machinery . We now expect our sales to double over the next two years." Twin screw extruders are used to precision mix organic and synthetic materials across a wide range of sectors including plastics, chemicals and foods. Clients are based across the world, from China to the United States.
Xtrutech provides a comprehensive range of extruders, spare parts and machine optimisation services, backed by a 17-strong team of experienced in-house engineers and support staff. As well as a 100 per cent increase in orders, the business is creating seven skilled engineering roles. Mike Cole, director of Michelin Development, said: "Xtrutech is a true regional success story – a growing, internationally-recognised business, nurturing and developing specialist engineering roles. "Despite the improving economy, securing affordable funding to deliver expansion plans can still be a struggle for even the most successful of small businesses. We're delighted to be a part of Xtrutech's development and we look forward to watching the business grow both its overseas client base and overall reputation over the years to come."
Since it began in 2004, Michelin Development has worked with more than 70 businesses in North Staffordshire, providing mentoring and £1.7 million in unsecured , low-cost loans, helping create the potential for more than 700 jobs. The Stoke-on-Trent and Staffordshire Jobs and Growth Fund, run by Staffordshire Chambers of Commerce, is backed by the Government's Regional Growth Fund. It provides gap funding for companies that wish to expand or invest to create sustainable jobs, where this investment would otherwise not happen due to lack of available finance. Grant funds can be used for premises expansion, new premises, plant and machinery and infrastructure. Almost £4 million has been awarded in the first round of the scheme, which closes next year. Another £4 million was secured from the RGF by the chambers to extend the programme. Programme manager Matt Hustwit said: "There is still time for companies to apply under the first round, so we are urging them to get in touch."
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