Asset finance aids CNC lathe purchase

The purchase of a CNC turning centre by GWR Fasteners, a manufacturer of special fasteners and precision components, has been funded by Close Brothers Asset Finance. Having recently moved into new premises in Oswestry after outgrowing its former location, the new machine will enable GWR Fasteners to both ramp up production and offer new products.

“Here at Close Brothers, we’ve been partnering with GWR Fasteners since they established their firm over a decade ago,” says Simon Parker, regional sales manager for Close Brothers Asset Finance – Manufacturing Division. “We funded their very first CNC machine and we’re delighted that they selected us as their funding partner for the Miyano BNE-51SY6 eight-axis CNC turning centre with bar feed. Despite the considerable cost of the machine, the bespoke finance package we compiled will have a negligible impact on GWR Fasteners’ cash flow, which is always a key consideration in this type of deal.”
Jude Robinson, who founded GWR Fasteners with her partner, Gary, adds: “The purchase of the new CNC machine is a strong statement of our ambitions and it wasn’t a decision we took lightly. Having worked with Close Brothers Asset Finance since we started out, we were able to negotiate a deal that worked for both firms, and we’re delighted with the outcome.”
For further information www.closeassetfinance.co.uk

Heathrow signs UK Steel Charter

Heathrow has become the latest signatory to the UK Steel Charter, signalling its continued support for this vital strategic industry and maximising the opportunities for UK steel producers to supply the project.

The announcement follows public sector support from the Department for Business, Energy and Industrial Strategy (BEIS), and the Scottish and Welsh Governments. John Holland-Kaye, Heathrow’s chief executive says: “Heathrow expansion is an opportunity to deliver an economic boost for all the nations and regions of the UK, and supporting the steel industry is key to achieving that.”
For further information www.makeuk.org/about/uk-steel

MTC apprentice wins award

Olivia Burton, a first-year apprentice at the Manufacturing Technology Centre (MTC), has been honoured with Coventry & Warwickshire Chamber of Commerce Training’s Business Administration Apprentice of the Year Award.

Burton, aged 19, is on the MTC’s three-year business administration apprenticeship at the Coventry-based MTC.
“This award shows that hard work doesn’t go unnoticed,” she says. “I love my job and progressing in my career, so it gives me a great sense of achievement. I’d 100% recommend the MTC business admin apprenticeship to anyone looking for a business-related apprenticeship, particularly as the scheme is structured to rotate us around various departments within the MTC. This gives us so much experience and a very good understanding of the business as a whole.”
For further information www.the-mtc.org

Promotion at In-Comm

In-Comm Training, a West Midlands training provider, has appointed a new director as it looks to capitalise on recent investment and a record year of performance.

The company, which supported more than 2500 people with apprenticeships and upskilling opportunities in 2018, has promoted Chris Reeves to operations director, overseeing the further expansion of its academies in Aldridge, Bridgnorth and Shrewsbury. As a former member of the Royal Regiment of Fusiliers, Reeves joins directors Colin Mills, Geoff Jones and Bekki Phillips on the senior management team.
For further information www.in-comm.co.uk

Investment provides opportunity for growth

Family-owned Stevens & Carlotti is a subcontractor supplying metal fabrications to a wide range of industries from its 64,000 sq ft facility in Sandwich, Kent. These fabrications, which can be anything from a simple bracket to fully-assembled and tested machines, are supplied to customers in the power generation, oil and gas, and yellow goods sectors, among others.

At any one time Stevens & Carlotti can have up to 1200 individual jobs in progress which, in addition to laser cutting, CNC punching and folding, welding, and painting, also require the support of a machining facility. Investment in turning and milling capacity with machines from XYZ Machine Tools has enhanced productivity on the company’s fabricated components, and created opportunities to develop a dedicated subcontract machining capability.
“The machining of parts used in our fabrications remains the bread and butter for our machine shop, but with the increased capacity and capability we have now, we’ve seen a growth in pure machining work for customers,” says Joe Douglas, planning manager at Stevens & Carlotti. “This now accounts for between 10 and 15% of our machined output, and is growing year-on-year.”
Most recently Stevens & Carlotti has taken delivery of additional capacity in the form of an XYZ TC 320 LTY turning centre, an XYZ 1510 HD vertical machining centre and an XYZ 710 HD VMC.
The XYZ TC 320 LTY turning centre replaced a temperamental lathe from another manufacturer and provides greater capacity with its barfeed, 78 mm bar capacity, 32 kW spindle and 100 mm Y axis. It is the turning workhorse of the business, with operator Callum Jones simply stating “it works” when asked why he likes it.
For further information www.xyzmachinetools.com