Alert Data News | Business | Companies | UK | Electrical components & equipment

Cummins Generator Technologies Ltd

Tue, 07 Feb 2012 10:04:08 +0000

Factory Closure - Production Moved Abroad - 31 Jobs Lost
Alternator firm Markon Sawafuji in Oakham are to close its factory after 10 years, resulting in the loss of 31 jobs. The company is a joint venture between Cummins Generator Technologies in Stamford and Sawafuji in Japan. Production will now be moved to Mexico and Japan and the factory has been put on the market.

Aero Stanrew Limited

Tue, 07 Feb 2012 09:30:46 +0000

£4.2m private equity investment - MBO - business expansion strategy
Devon-based aerospace component manufacturer Aero Stanrew Ltd has undergone an £8.5m management buyout. WestBridge Fund Managers has invested £4.2m in the MBO. The investment will allow Aero Stanrew to extend its product range and enter new markets.

Aero Stanrew Limited

Tue, 07 Feb 2012 09:30:46 +0000

£8.5m management buyout of electromagnetic components company
Aero Stanrew, the Devon-based supplier of electromagnetic components to the aerospace sector, has been bought by its management for £8.5m. Private equity for the acquisition came from WestBridge Fund Managers, with HSBC providing structured debt. The business employs 170 staff in Barnstaple and its base in Tunisia. The management team is led by Clive Scott and also includes Chris Evans, Owen Rolfe and Peter Vaughan. Phil Crawford-Smith of Westbridges Co-Investment Club is Independant Chairman.

Hitachi Europe Ltd

Tue, 07 Feb 2012 08:48:40 +0000

New rail depot approved - 44 acre site - Work starting summer 2012
Hitachi Rail has won planning approval for a rail depot at Stoke Gifford, Gloucestershire. The 44-acre site will create jobs and help improve local rail services when it becomes operational in 2016/17. Work is expected to start in summer 2012, ready for testing trains by the middle of 2015. Andy Barr is Hitachi head of maintenance.

Syntech Sw Limited

Mon, 06 Feb 2012 08:08:17 +0000

£100k award - Business expansion - 12 jobs created
Paignton-based Syntech has received a £100,000 award to upgrade its production technology, which will create an estimated 12 jobs. The company employs 130 staff and is one of the UK's top 20 electronics manufacturers in its field. Virtually all its products are exported. Mike Badcott and Malcolm Keat are co-directors of the company.

Controlled Speed Limited (In Administration)

Mon, 30 Jan 2012 10:04:55 +0000

No buyer found - 35 job losses - Sales on a break up basis
Electronics company Controlled Speed entered administration in November, when 35 jobs were immediately lost due to cash flow problems. The last remaining members of staff have been let go after administrators failed to find a buyer for the business. Sales would now be made on a break up basis.

Chemring Group PLC

Mon, 30 Jan 2012 09:22:28 +0000

Revenue up 25% - Profit up 6% - 4,000 Employees
UK Defence group Chemring recorded another year of growth in profits and earnings, with revenue up 25% to £745.3 million and underlying profit before tax up 6% to £125.6 million. Peter Hickson is Chairman.

Chemring Group PLC

Fri, 27 Jan 2012 09:27:12 +0000

Profit up to £90.8m - Total Revenue up 25% to £745.3m
Chemring Group Plc recorded higher 2011 pre-tax profit of £90.8m versus £89.1m in the earlier year period. Also, profit after tax grew to £73.9m from £66.7m. Total revenue was £745.3m compared with £597.1m in 2010, an increase of 25%

Linwave Technology Limited

Sat, 14 Jan 2012 08:07:25 +0000

New headquarters - expansion plans - potential new jobs
As part of its growth strategy Linwave Technology is building new joint headquarters with Microwave Marketing. The 11,000 sq ft premises in Lincoln will include cleanroom environments for manufacturing and will provide room for expansion. The site may open by May, potentially creating new jobs.