Sheffield Forgemasters is marking one year since its acquisition by the Ministry of Defence. The company, which provides components for the UK defence programme, has embarked on a recapitalisation programme with up to £400m to be invested over 10 years and key changes already taking place across its 64-acre site. The project has already seen a new 13,000 tonne forging press arrive from Japan and the purchase of two vertical turning lathes from Germany. Additionally, the company has engaged in many tender processes for new cranes and furnaces for the 13,000 tonne forging line, alongside 17 new machining centres.
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