Source Engineering invests £100k in a new press and now eyes 20% turnover hike
A Plymouth manufacturer has invested £100,000 into a high-speed press line to boost capacity ahead of a raft of new opportunities.
Source Engineering, a specialist in precision pressed parts and machined components, employs 32 people across its two divisions in Plympton.
The firm has tapped into the expertise of industry leading high-speed press maker Bruderer UK to purchase a machine that can do the work of four conventional HME (Hordern, Mason & Edwards) power presses.
The BSTA 200M 20-tonne stamping press was identified as the ideal solution and is now up and running at Source Engineering’s Langage Business Park facility, achieving 300 strokes per minute which represents a 200% increase in production output across a range of products destined for the automotive, electrical wholesale and oil and gas markets.
Read the full story – here