SMT Developments drives sales growth and expansion

A £1m investment drive is set to help a Warwick-based electronics company almost double the size of its business in just two years.

SMT Developments, an electronic assembly services company, has bought its existing building on Heathcote way in a deal that will see it add an additional 3,300 sq ft of capacity, a new clean room facility and the introduction of advanced pick and place technology.

Supported by a £165,000 Growing Places grant from Coventry and Warwickshire Local Enterprise Partnership, the move will also pave the way for a dedicated manufacturing cell to cater for up to £1.5m of new work from a client in the telecoms sector.

It is anticipated that this investment will help the 13 year-old company increase sales from £2.8m to £5m by 2015, with the creation of over 20 new jobs, including a number of apprentices.