An investment by RDA Advantage West Midlands has allowed a Birmingham automotive manufacturer to retain 150 jobs in the region instead of moving its factory to the Czech republic.
The £1.25m Selective Finance for Investment in England (SFIE) grant allowed Wild Manufacturing Group to move from inadequate facilities to a better site in the Birmingham area.
As part of an overall £1.9m expansion, modernisation and relocation package, Wild has moved into new 9,300m2 headquarters at Witton. The company said the relocation would also lead to the creation of 25 jobs over the next five years.
Wild manufactures precision pressed components for the automotive industry used in almost every area of the car, including braking systems, suspension, engines, gearboxes and turbo chargers. It also designs bespoke automotive components.
Wild supplies many of Europe’s leading carmakers direct including Ford, Volkswagen, Land Rover, Audi, Skoda, Opel, Jaguar and BMW, with around 50 per cent of all sales exported to Europe and the USA.
Facing pressure to reduce costs and lead-times, Wild was keen to move so it could create a world class manufacturing facility and purchase the latest duplex grinding machines and welding equipment. It is now ideally situated to manufacture more complex, high quality and high margin products.
The Czech option, although meaning lower running costs in the long run, would have cost around £700,000 in relocation, redundancy and recruitment costs.