CNC lathe manufacturer CMZ has taken a step forward in its growth strategy: setting up its new ‘Precitor’ plant. With the target of manufacturing 850 machines a year, the company has invested around €8m in extending its current machining plant in Elorrio, Spain.The new Precitor plant will be working at 100% capacity by the second half of 2023. Notably, the extension of the plant will help the group to increase the manufacture of cylindrical parts by 55% compared with the existing plant. At the same time, closure of the current plant at Elorrio is planned for mid-2023.
For further information www.cmz.co.uk