Matrix, a specialist Coventry-based machine tool manufacturer is set to create 30 new jobs as it expands into a new headquarters.
The firm, which was founded in 1913 and manufactures specialist grinding machines, currently employs around 30 members of staff, but the expansion will enable Matrix Machine Tools Ltd to double its workforce.
Paul Farndon, chief operating officer of Matrix, said to The Manufacturer: “Our current production facilities are at maximum capacity and restricting our growth within the global market.”
He continued: “With the new manufacturing facility we will be able to considerably increase our output and increase our global market share.”
The company is reportedly looking to increase manufacturing output from 20 to 100 machines a year, at the new base in Coventry Business Park.
Farndon posed the question: “Matrix is not satisfied to produce high quality machines that just meet today’s needs, what about tomorrow’s market?”
Matrix is investing in research and development, exploring new technologies including robotics and automation to create a range of new products.
Last year, the firm introduced seven new gear grinding machines, including four types of Gear Form Grinding machines, with one of these being a Continuous Generating Gear Grinder for high volume work.
In addition, two new five-Axis Bevel Gear Grinding and Cutting machines have been introduced, as well as a Hob Grinding and Sharpening Machine. The introduction of these machines was to augment the Thread Grinding Machines, allowing Matrix to offer rounded and complete solutions for their customers.
He said: “Recently, we have introduced a new range of machines for gear cutting and grinding, not to forget various automation systems including robots and gantry solutions. With the continuous development of technologies, we continuously develop new solutions for our customers.”
Looking toward the future, Farndon said the company must continue to develop new ideas and products in order to provide the best service and full solutions to their customers.