Wallsend-based International Syalons has secured a Selective Finance for Investment (SFI) grant worth £99,500 from One NorthEast to help fund a new sintering furnace.
Previously trading as Lucas Syalon, International Syalons was established in 1994 and produces sialon and silicon nitride-based ceramic alloys -including rods, discs and piping – to the metal forming, oil and gas, and chemical and process industries.
With its new furnace, the company is able to manufacture alloys up to 2m in length, compared to the previous 1.5m. Production capacity has also risen by six times its previous amount and enables the creation of parts up to 600mm in diameter, compared to the previous 250mm.
Ian Denton, operations manager at International Syalons, said: ‘We’re grateful to One NorthEast for helping us to purchase a new furnace and expand our production capabilities. The grant has helped ensure we remain trading as a top-level supplier of quality products to our extensive client base both here and abroad.
‘Sialons are better equipped than most alloys available on the market. Despite this, without funding it would have been extremely difficult to compete, especially with the current marketplace restricting access to finance.’
The investment has also secured 10 jobs, including turners, grinders and production workers.