£5.5m investment caps landmark year for AESSEAL®
AESSEAL has invested £5.5 million in state-of-the-art machinery that will boost production by 17% in response to an all-time high in customer demand.
The investment caps a year which has seen the company hit a £100 million net assets milestone and achieve record monthly sales of almost £16 million in March – up £2 million on its previous record.
AESSEAL is a world leader in the design and manufacture of mechanical seals and support systems, serving 104 countries from 230 locations worldwide.
Twelve multi axis CNC machining centres will be installed at its two Yorkshire sites by early 2018, enabling the company to produce an additional 10,000 seals a year.
The investment will continue the creation of new jobs at AESSEAL into next year. Twenty team members and 12 apprentices have already joined the company this year.
AESSEAL recently completed a £460,000 refurbishment at its systems division in Rotherham.
This follows the opening by HRH Duke of York of a new dry gas compressor seal test facility at the global headquarters in the town this summer. The £500,000 investment doubled capacity at the plant in another response to huge customer demand.
The Duke praised the company’s growth and commended its contribution to UK manufacturing.
“It is a pleasure to be invited back here and to see the growth since my last visit in 2002. It is also a pleasure to see a company committed to its workforce and to manufacturing in the UK," he said.
AESSEAL Engineering Director, Stephen Shaw, said the company’s award-winning reputation for customer service had led to the investment, to ensure minimum delays and disruption to its global roster of clients.
He added: "AESSEAL reinvests more than 7% of its annual sales revenue in research and development on average.
"It’s been a challenging year in the best possible sense and this level of growth and investment is set to continue next year.
“With increased and continued investment we’re confident of moving into 2018 with the capacity to ensure our exceptional customer service standards are maintained."
Back to Latest News