World-leading lightweight casting company, Sarginsons Industries has announced a £130,500 investment in new energy efficiency measures at its Coventry foundry.
Sarginsons is in the process of installing two new gas furnaces, a new air compressor system, along with new LED lighting across its facility following the substantial investment.
The investment, which includes grant funding of £26,365, aims to see Sarginsons reduce its CO2 emissions by as much as 335 tonnes a year as a result of the significant savings in its electricity consumption.
Sarginsons has become the first company to utilise the Coventry and Warwickshire Green Business Programme, which is part financed by the European Regional Development Fund and is being delivered by Coventry City Council, Coventry University, and Coventry University Enterprises Ltd.
The programme is currently open to businesses with less than 250 employees situated in Coventry and Warwickshire.
The firm’s managing director, Anthony Evans explained: “Sarginsons is at the forefront of technological advances in the manufacturing industry and is constantly working on new measures to improve our carbon footprint and reduce emissions, and to support our clients to do the same.
“We’re pleased to announce the investment in new equipment which will lead to further improvements in performance and energy efficiency savings across the company, and continues our advancement in the cutting-edge of pioneering technology.”
Councillor Jim O’Boyle, cabinet member for jobs and regeneration at Coventry City Council, said: “I’m really pleased that Sarginsons Industries is the first local company to take advantage of our Green business Programme. It’s set up to protect and create jobs in small and medium-sized businesses and to improve green credentials.
“This European funded project means businesses can access specialist and tailored support and I hope many more will get involved.”
It’s expected that Sarginsons £130,500 investment will have paid for itself within three years, and will continue to generate further savings over the coming decade.
Sarginsons has been at the forefront of diecasting for 80 years and is one of the few European companies to offer low pressure diecasting, sandcasting and gravity diecasting in a single foundry.
The manufacturer is renowned for its excellence in the field of automotive lightweighting and the company counts some of the most respected names in the automotive, petrochemical, energy and engineering sectors as clients.