25 October 2022

£1m Capex Investment Expands Product Range

Since launching as a new company, under a new brand earlier this year, Lesjöfors Heavy Springs UK has invested £1.1m in new machinery, in direct response to customer demand and growth in newly identified markets.

Following a 60% growth in their industrial sales in 2021 and further growth of 20% for 2022, the Cornwall based spring manufacturer, with sites in Penryn and Redruth, is significantly increasing capacity, expanding production capabilities and advancing their supply chain processes with a suite of new state-of-the-art machinery.

Michael Gibbs, Managing Director of the UK factories says:

“This is a big investment and this year has seen a number of big changes, showing confidence in our market position. Our strategy for growth has enabled us to expand our capacity in the UK, to separate our automotive and industrial sector work across two industry specific dedicated sites and to expand our industrial business even further.”

The industrial divisions expansion in Penryn includes investment in a new CNC coiler which extends the wire coiling capabilities in the UK to 20mm wire diameter, in line with larger spring wire requirements from a growing global customer base. Weighing in at 30 tonnes, the new CNC coiler is integrated with a new 10m long in-line heat treatment oven, doubling heat treatment efficiencies.

Rounding off a grinding equipment investment programme of a further £1m since 2017, a new spring grinder doubles the grinding capacity in the industrial division. There has also been further investment in new lifting equipment.

coil metal spring coming out of machine

Luke Smith, Operations Manager for Lesjöfors Heavy Springs UK confirms:

“Peak production efficiency is challenging when manufacturing is across two sites. These latest investments allow us to separate our automotive and industrial work so that each location is dedicated to its sector, which will significantly improve output and increase our efficiencies.

It also allows us to further develop our in-house expertise specific to these sectors and to continue delivering the quality, accuracy and performance our springs are recognised for."

Michael Gibbs concludes:

“We have been at our second site, in Penryn, for three years and have always aimed to strengthen our site-specific dedicated expertise and machinery bespoke to each location.

Achieving this with our recent investment in new machinery and a restructured team, drives these efficiencies, reduces costs and allows us to pass those cost reductions on to our customers.

We’re committed to investing in the future and predict, working on current projections, a payback on the capex investment of approximately five years.”

Concluding the investments is an additional shot peener for the newly dedicated automotive sector manufacturing site in Redruth.

 

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Please feel free to get in touch to order a custom heavy-duty spring. We would love to hear from you.

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