Investment positions northern foundry for further growth
A £250,000 investment programme is enabling Alston-based steel foundry, Bonds Precision Castings (BPC), to increase its capacity offering new fast-track services to its customers.
Financed from the company’s own reserves, the investment funded new equipment including an additional furnace capable of melting 109 kilograms of steel in 35 minutes and a 6x3 metre oven capable of heating moulds up to 900º C before the molten steel is poured into them.
In the last three months, BPC increased its workforce by 30% creating 20 new full-time, permanent jobs in the heart of Cumbria’s rural community. This enhances BPC’s status as the largest employer within a 20-mile radius of Alston.
BPC specialise in the production of high integrity castings for the pump industry and, with the strong growth in the international oil and gas sector, customers are increasingly demanding short lead times for impeller and diffuser castings which they urgently require to repair broken pumps.
The investment will enable BPC to offer customers an exciting new premium-priced, fast-track service for these products.
The increased capacity has also led to BPC expanding into the Japanese market having received an order for impellers from a large Japanese pump manufacturer.
Bonds Precision Castings director, Andrew Dodd, said: “We’re very excited about the opportunities this new investment gives Bonds Precision Castings for further organic growth.
“Our team of almost 90 people making and selling castings has proven they have the manufacturing skills to produce high quality castings for a competitive international marketplace.”