Group responsive to investment

News

Gateshead-based Responsive Engineering Group has announced it is investing £2 million over the next two years in new technology improvements to support and extend its subcontract engineering services.

The investment will be divided among the four group businesses that comprises Streamline, Kingsway Precision, Weldex and Pressex. Together, they provide specialist waterjet and laser cutting, precision engineering, welding, pressing and assembly services.

Responsive’s customer list includes Airbus, BAE, Siemens and Exxon, and the expansion is aimed at developing further opportunities in the defence, aerospace, oil and gas and other key market sectors.

Up to 30 new engineering jobs will be created across the group companies and the group anticipates the resultant sales growth will increase company turnover to over £10 million.

Responsive became an independent business in the middle of 2005 after a management buy in/management buy out (MBI/MBO) led by managing director Peter Bernard.

The investment has also attracted Selective Finance for Investment support from regional development agency One NorthEast.

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