May 21 2013 Latest news:
By Tom Bristow
Wednesday, October 31, 2012
A manufacturing firm is reaping the rewards of a £150,000 investment at its Wymondham base.
Polar Manufacturing (PML), who make and design carbon-fibre and composite products, said it was bucking the national manufacturing trend with an increase in output and orders after making the investment.
Founded in 2006, by managing director Mike Harris, PML produces precision engineered composite products to the automotive, defence, motorsport, renewable energy, communication and marine sectors.
This summer, the firm invested £150,000 to bring previously outsourced operations under its own roof.
The new facilities include a milling machine, spray booth, two clean rooms and an inspection room, meaning that the manufacturing process can be managed more quickly than before.
Mr Harris said: “The changes we’ve made have lots of benefits. For example, before our new spray booth was built, parts that required coating had a six-hour round trip – which had an impact on production timing and quality control.
“We’ve also seen a reduction in overheads, management time and an improved cashflow. Our new facilities ensure every area of expertise is all in one place at PML.”
The firm, which made the wind turbine blades for London’s Olympic Park, has also invested in a new website and it said it had seen an increase in business inquiries and sales since the new facilities had been in place.
The extra work and interest has come from original equipment manufacturers and the Ministry of Defence.
Mr Harris said: “This increased business means PML are well on target to a record turnover.
“Plans are in the pipeline to increase the workforce too, for example we’re currently looking to add an experienced trimmer to join the team.
“We’re currently tendering for some large projects which will see more new staff being recruited if contracts are awarded.
“It’s an exciting time for the company.”
Norfolk turkey giant Bernard Matthews is in talks to sell a stake in the business.