Altec Continues Investment In Production Facilities and Apprentice Training
Date Added 16/07/2015
Following completion of a £1.5M expansion programme earlier this year, which saw floor-space increase by 75%, Altec Engineering Group has now acquired a further 10,000 sq.ft of factory space behind its existing Durham facility. This additional floor-space is required to meet future investment plans in special purpose machine building, precision engineering and specialist coatings.
In addition to increasing the area available for production and machine building, this new facility also provides the opportunity to house dedicated training facilities, highlighting the emphasis, which Altec places in the recruitment and training of Engineering Apprentices. The company currently has a total of 11 apprentices at various stages of training, with a further 3 due to join the company in August of this year. Also two Altec apprentices, who have just completed their training, are staying on, one as a Toolmaker and the other as QA Inspector.
This latest investment follows Altec’s strategic acquisition of Shipley based Sigma Technologies Limited, announced recently. Sigma Technologies adds a new dimension to the Groups activities - that of high volume CNC component manufacture for a wide variety of clients. Altec was attracted by Sigma’s approach to providing innovative solutions to clients needs including; stock build programmes, inventory control, KanBan solutions, Kitting, Sub-assembly and integrated MRP.
Altec Engineering Group now employs over 100 people and delivers into key Strategic Sectors such as Automotive, Oil & Gas, Aerospace, Defence, Medical, Mining and Manufacturing. The Group is developing deeper relationships with clients operating in each of these sectors and is planning to continue its growth strategy by investment in organic as well as acquisitive growth, with further announcements expected soon.