Dec 2006 –

Teignbridge invests US $2 million on expansion

Teignbridge Propellers are delighted to announce expansion and upgrade plans worth nearly $2 million dollars.

The plans allow for the relocation and upgrade of the firm's foundry from the existing Decoy Industrial Estate site, to the main head office site at Brunel Industrial Estate, and includes new manufacturing systems and processes. Part of the new process will be sand reclamation, currently 100% of the sand used in the foundry is sent for landfill, this investment will allow up to 90% of this sand to be reclaimed, good not only for the environment but also the balance sheet. In addition the investment allows upgrading of the extraction and filtration systems throughout the factory which will provide enhanced working conditions for all employees.

"This is a significant investment in Teignbridge from Mercury Marine our US parent, and it is a massive vote of confidence in all the members of staff of the company, particularly when bearing in mind the tough trading conditions currently prevailing in the US" said an extremely proud Jonathan Shaw, Managing Director of Teignbridge, adding "this major financial commitment will allow the company to unite under 1 roof for the first time in 18 years, with obvious benefits to morale, efficiency and quality, and is in addition to the recently announced investment in the latest high speed CNC machine tools."

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