German machine tool maker Mapal intends to double production in the UK during the next two years.
Last week, the company completed a £1m investment in land and a 1,020 sq m factory and offices in Rugby, Warwickshire.
Mapal is also investing in new machinery for the factory and it expects to create at least 14 jobs, bringing the total workforce to 50.
Dr Dieter Kress, chairman of the Aalen-based Mapal Group, said that from the start of next year polycrystaline tools would be made at the Rugby plant.
‘This is a major development and needs to take place close to the market,’ he said.
Up to 75% of Mapal’s business is with the automotive industry.
John Claypole, managing director of Mapal, said many customers were moving from pre-set tools to ‘no setting’ brazed PCD tools for certain applications because of reducing skill levels and capital investment savings.
The UK operation was first established in 1993 in rented premises. Since then, it has gradually increased its UK design and manufacturing capacity, particularly for special tools with replaceable ISO inserts for supply to UK and export markets.