Following completion of a £1.5 million expansion programme earlier this year, Altec Engineering Group has now acquired a further 10,000 sqft of factory space to meet future investment plans.
In addition to increasing the area available for production and machine building at its existing Durham site, this new facility also provides the opportunity to house dedicated training capabilities, highlighting the emphasis which Altec places in the recruitment and training of Engineering Apprentices.
The company currently has a total of 11 apprentices at various stages of training, with a further three due to join the company in August 2015.
Two apprentices have just completed their training and are staying on with the business, one as a Toolmaker and the other as QA Inspector.
This latest investment follows Altec’s strategic acquisition of Shipley-based Sigma Technologies Limited, announced recently.
Sigma Technologies adds a new dimension to the Groups activities – that of high volume CNC component manufacture for a wide variety of clients.
Altec was attracted by Sigma’s approach to providing innovative solutions to clients needs including stock build programmes; inventory control; KanBan solutions; kitting; sub-assembly, and integrated MRP.
Altec Engineering Group now employs more than 100 people and delivers into sectors such as automotive; oil & gas; aerospace; defence; medical, and mining.
The Group is developing deeper relationships with clients operating in each of these sectors and is planning to continue its growth strategy by investment in organic as well as acquisitive growth, with further announcements expected soon.