Renishaw to invest £50m at Miskin site

This will see 400,000 sq ft of additional low carbon buildings created at the 193-acre site, consisting of two new production halls and an employee welfare facility. Existing production halls will also be refurbished to reduce their greenhouse gas (GHG) emissions.

The investment will give Renishaw the additional manufacturing capacity required to meet its forecast sales growth and will also enable it to help achieve its 2028 Net Zero target for Scopes 1 & 2 GHG emissions.

In a statement, Gareth Hankins, head of Global Manufacturing, said, “The last two years have highlighted the importance of in-house manufacturing for Renishaw and the control that this gives us in meeting our quality, cost and delivery targets. This significant investment by our board to increase the group’s production capabilities demonstrates a huge vote of confidence in our manufacturing operations and people, at an exciting time for the business.”

The construction will be completed in phases, with a 15-month programme of work starting in July 2022 to build the first of the new halls, the welfare facility and supporting infrastructure. The basic shell for the second new production hall will be built by December 2024 and will be fully constructed when business levels require its use.