LEAMINGTON MANUFACTURER EXPANDS FOLLOWING RISING DEMAND FOR AIR COMPRESSORS

An expanding Warwickshire company, whose technology reduces harmful carbon dioxide emissions, has moved into new facilities in Leamington Spa following rising demand for its products.

Aeristech’s 11,000 sq ft new premises in Hermes Close in Leamington were officially opened by the Royal Leamington Spa Mayor, Councillor Bill Gifford and Warwickshire County Council leader, Councillor Izzi Seccombe OBE.

Aeristech, which designs and manufactures clean energy applications, develops electric air compressors for the international automotive industry.

Aeristech secured £50,000 in grants with help from the Coventry & Warwickshire Business Support Programme which is part-funded by the European Regional Development Fund (ERDF) via Coventry City Council and the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub.

This grant contributed towards building Aeristech’s new engineering and development floor.

“This move marks the transformation of the company from high-tech developer to serious commercial player”

Richard Wall, CEO at Aeristech, said: “This move marks the transformation of the company from high-tech developer to serious commercial player. The production facility will enable us to deliver 30,000 centrifugal compressors a year with a potential of upping that to 200,000 units.”

Global value engineering business secures major investment

Severn Glocon Group, the global valve engineering business, has secured multi million-pound investment from energy investor Blue Water Energy.

Colin Findlay, a member of Severn Glocon Group’s management team, has become Chief Executive to lead its expansion and focus on new product development.

Severn Glocon is one of the biggest manufacturers of control valves for the oil and gas industry, and employs more than 900 staff worldwide including 370 in the UK.

The Gloucester-based company, which has manufacturing locations in Gloucestershire, Yorkshire and Chennai and service operations globally, now has a fully-funded growth plan to the next level.

Blue Water Energy is a specialist international private equity firm focused on the mid-market energy sector. Severn Glocon founder Maurice Critchley steps into a non-executive director role and remains as an investor in the company.

Maurice said: “Having created an excellent global manufacturing business over the past 30 years, I am pleased to see it in good hands and I look forward to supporting our new CEO, Colin Findlay, and Blue Water Energy in taking Severn Glocon to the next level.”