LBBC Technologies moves into new £1.5m manufacturing facility
With support from the LEP a world-leading engineering firm based in Leeds has moved into new purpose-built manufacturing premises as part of a process of continuous investment that aims to push sales growth to £10 million and beyond.
With support from the LEP a world-leading engineering firm based in Leeds has moved into new purpose-built manufacturing premises as part of a process of continuous investment that aims to push sales growth to £10 million and beyond. The £1.5 million investment has been supported by a £130,000 grant from the LEP.
The company is a world leader in the supply of autoclave systems and related engineering activities used in a range of high pressure applications and environments and recently supplied equipment worth over £1 million to Rolls-Royce for its new blades casting facility in Rotherham, one of the most advanced investment casting foundries in the world. Other clients include BAE Systems, and over 70 per cent of the firm’s sales go to export markets in the US, Russia, China, Asia and Europe.
Location is key
Roger Marsh, Chair of the LEP said: “The Leeds City Region is a major centre within the UK for advanced engineering and the LEP is delighted to support this investment in new testing and development facilities, which will enable LBBC to continue as a global leader in its field.
“As the largest manufacturing centre in the country, the sector has a key role to play in driving above-trend growth and jobs as part of our strategy to develop the Leeds City Region as a powerhouse for the UK economy.”
Further growth on the horizon
The group currently employs a workforce of 70 and managing director Howard Pickard sees scope for further growth across both divisions of the group: “We’re aiming for £10 million turnover and there’s potential to go beyond that. In the process, we expect to increase the number and calibre of the people we employ.”
“The new facility for LBBC Technologies is critical to our strategy going forward, with the need for continuous investment in product development and testing to support highly specialised projects and maintain our position as global leaders in sectors such as investment casting. The new premises are now home to LBBC Technologies, providing space for our sister division LBBC Beechwood to expand into existing facilities on the site.”