Composites manufacturer Pentaxia has purchased a large manufacturing site on Alfreton Road in Derby. Completion of the sale will see the firm move in the New Year, from its home in Longbridge Lane to the six-acre site, which houses office space and 70,000 sq ft of manufacturing space. A six-month programme to refurbish and upgrade the site will start immediately. The £1m investment in the facility will include new manufacturing equipment, which will double the firm’s existing production capability. Constructed in the 1960s as the composite manufacturing plant for Rolls-Royce, the site was at the forefront of advanced manufacturing until 2002. This deal will see the facility return to its former glory as a centre of innovation and composites hub for the Midlands.
For further information www.pentaxia.com