UK automotive components manufacturer, Raicam Clutch has announced its acquisition of a new research and development centre will create a number of new local jobs.
Raicam Clutch has acquired a new high-tech research and development centre in Redditch, a move expected to create around 30 new jobs in the area.
The new unit has reportedly been acquired on a five-year lease, after the company made the decision to move from its current base in Leamington Spa. The firm can trace its roots back to 1920 and can boast supplying parts for tanks deployed during the World War II.
Operations director, Keith Homan explained: “It was decided to focus on R&D and the engineering content within the UK and focus on manufacturing for the more specialist applications.
According to Homan, the Redditch facility will predominatly manufacture driveline and chassis products for premium brands.
The move from the current site in Leamington Spa is expected to take place in the coming weeks, with the Redditch factory due to become fully operational by June 2017.
“We chose Redditch because of the difficulty of getting suitable premises in the Leamington Spa area,” Homan added.
The business was merged into Raicam in 2009. Italy-headquartered Raicam Group has a turnover of approximately €100m.