A security equipment firm is set to triple it’s manufacturing operation following the launch of a new site.
Pyronix Limited, based at Braithwell Way, Rotherham, has completed the development of a second site at Lowton Way, Rotherham, which has provided an additional 19,000 sq ft factory space as part of a £2m expansion scheme.
The new unit is now fully operational and the company has capacity to triple manufacturing output.
Julie Kenny, chief executive, said staff have now started producing products locally which were previously contracted out to the Far East.
She added: “The new facility also provides the business with flexibility for further expansion in the future to support the very positive sales growth we’ve seen in recent times.
“We’ve managed to buck the trend and have been growing organically in the UK as well as exporting globally.
“With low interest rates we decided the time was right for this planned expansion.
“Barclays funding, together with a Regional Growth Fund grant have enabled us to us to increase our manufacturing facilities and capability. It’s great working with a bank that understands our business and can provide a holistic solution for both our operations and future ambitions.”
Matthew Chenery, Barclays’ relationship director, said: “It is great to see such a fantastic new manufacturing facility open.”
Pyronix was established in 1986 and exports to more than 70 countries worldwide.
It employs 155 staff across South Yorkshire with an additional 40 at the new site. Turnover this year is expected to be over £23million.