UK-based Denroy Plastics has made an investment of over €530,000 in new equipment, while ramping up training capacity and appointing three new senior staff as the company develops its reach into the aerospace market.
The Bangor, Northern Ireland-based based precision injection mouldings company works across a spectrum of business sectors, but has been developing its aerospace customer base recently.
The €530,000-investment in a new Engel moulding machine followed growth projections for 2019, as the company expects to see “a very significant increase in sales”.
The investment, says Denroy, is in response to the demand from aerospace clients for larger components, moulded from high end polymers.
The company has also recently appointed a new business development manager, business development engineer and engineering manager, as part of its strategic plan which has specific focus on developing Aerospace sales.
Commenting on the company’s possible future investment in aerospace capabilities, general manager John Irwin said Denroy had been “greatly encouraged by customer feedback and on the new areas of business which our team has been opening up.”
In February the injection moulder announced major expansion plans following winning more business from Triumph Group Inc. of Berwyn, Pennsylvania.
At the time, the company said over £1m (€1.07m) of the investment will be made in its IT systems and new manufacturing equipment, including two Engel injection moulding machines, as well as a Citizen turning centre machine.
The phased investment will see expansion of the production capacity at Denroy’s factory premises following a recent “multi-million-pound” deal with Triumph Group and its Triumph Aerostructure business based in Grand Prairie, Texas.
“We want to remain at the forefront of polymer processing and this investment will enable us to develop our R&D capability and test laboratory to support our development activities,” said John Rainey, Denroy’s managing director.
The company has invested in Infor CloudSuite Industrial (SyteLine), an application that helps enhance planning, service and quality control. The app will also offer an integrated platform for quality control and compliance for the aerospace and other sectors requiring complex controls.