UK-based engineering company Renishaw has announced a series of initiatives designed to provide the additional capacity required for its anticipated business growth in the long term.
These initiatives are in response to increased demand for its healthcare and measurement products.
Key initiatives include the acquisition of the soon-to-be-vacant Bosch manufacturing facility located to the west of Cardiff, Wales, and submission of planning applications to extend three of its existing facilities in Gloucestershire.
Renishaw acquired the Bosch manufacturing facility located in Miskin, South Wales in June this year. Located next to Junction 34 of the M4 Motorway, the facility offers 461,000 sq ft of existing factory space, including a 10,000 sq ft cleanroom facility on a 193-acre site.
According to Renishaw's Chairman and Chief Executive, Sir David McMurtry, the high quality manufacturing facility is in a location that has excellent transport links and a local population with skills relevant to the Group’s business.
Renishaw is also 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 adds that their 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 are being currently recruited for all aspects of Renishaw’s business.
He believes that the new site acquisition and proposed expansions to their Gloucestershire facilities are a necessary part of ensuring Renishaw’s growth and ability to create high quality jobs for the longer term in the UK.
Renishaw Oceania represents the Renishaw group’s business in Australia and New Zealand.