Polymermedics UK Limited is a company engaged in ultra-precision tooling and injection moulding.
This ERDF investment will help to deliver three objectives:
- To implement an increased level of automation to enable the company to become more productive, allowing them to compete with low-cost countries on the low-tech parts currently being produced in St. Austell.
- To fulfil planned investments to carry out an existing contract.
- To enable the production of high-tech micro-precision plastics for markets where low-cost countries do not provide competition.
Investment in automation, tooling and machinery to enable increasing production capacity, turnover and securing the jobs of 41 people and creating a further 14.5 jobs by 31 December 2014.