Factory premises expansion to facilitate increase in demand from automotive sector.
One of the earliest investments made by the North East Investment Fund. On this occasion, the company had contractual commitments to be met as a result of new products coming on stream further up the supplier chain. This required swift installatin of plant, machinery and expansion on their Peterlee site. The confidence that could be provided from Parental Company Guarantee and understanding the contractual commitments for future expansion, ensured NEIF were in a position to invest.