Teagle Machinery Ltd
This GBI investment of £148,844 will enhance the Teagle Machinery brand with an improved product range. It will generate 15 new full-time skilled jobs, help drive sales, and enable the company to compete at the highest level both in the UK and internationally.
The objective of the Teagle Machinery Ltd Grant for Business Investment (GBI) project is to create a modern production facility to assemble, weld and paint the Titan spreaders range. The investment will create a facility that can deliver predicted sales volumes, improve product quality, reduce lead times, simplify production operations, improve margins, and enable continued R&D into larger capacity spreaders.
This ERDF investment is focused on capital equipment and fit-out within the new facility, including a paint booth, shot-blast booth, overhead crane, driers, compressors and CNC milling machine.
The project will create 15 new full time skilled jobs by June 2016 and will be instrumental in increasing the company's sales by £2.56m over the next three years in a competitive market. This project will enable Teagle Machinery to control the design, production and quality of its Titan spreader range, increase market share in this sector, improve export sales, and strengthen its overall brand values with a more diverse product range.