MTL Group has opened a new factory at Rotherham in a move that will create over 100 new jobs following £5m funding from Lloyds Bank Corporate Markets in Sheffield.
The award-winning contract manufacturer’s relocation from Darnall to its new 300,000 square foot facility follows several years of growth that has seen the company’s annual turnover rise to £50 million.
Dr Henry Shirman, managing director of MTL Group said “We are proud of our roots here in Yorkshire and proud of our business.
“Our reputation for quality & service has underpinned our expansion as we grew from one factory to four factories in different locations. The opening of this state-of-the-art facility means we are all able to work on one site and we have provision for future growth and expansion.
“The Lloyds Bank Corporate Markets team has played a pivotal role in this development. They have supported us for a number of years and worked hard to understand our business and the type of support we need. We have used them extensively for advice throughout this project; the team’s local knowledge was definitely an asset.”
MTL Group has invested in the latest technology for the new plant, which boasts the largest laser in the UK and a 640-tonne robotic press, which is the biggest of its kind anywhere in the world.
A key focus for the business will continue to be the supply of specialist metals to various markets including renewable energy.
Ryan Sorby, Relationship Manager at Lloyds Bank Corporate Markets in Sheffield, said: “The company is rightly recognised as a leader in the field of contract manufacturing and the management team has been very clear about how they would like the company to develop. We have been able to share that vision and provide specialist support in a number of areas.
“The fact that we are trusted consultants to MTL Group demonstrates the benefits of having a local team who are able to provide expert advice on the ground.”
MTL Group’s blue-chip clients include BAE Systems, Bombardier Transportation, Lockheed Martin, and Caterpillar.
Knight Frank’s building consultancy team project managed the move – taking the worry away from the 320-strong firm from the outset by sourcing, surveying and developing the impressive new headquarters.
Sheffield office partner Jlonathan Ingleby said: “These projects are always a massive undertaking and can take up to several years, but it is extremely rewarding work when we see results at every stage from inception right through to completion.”
Dr Shirman added: ““Knight Frank has been a key player in making sure that we delivered the project on time and within a tight budget.
“They are easy to deal with, swift to respond with practical advice and provided an excellent sounding board during our commercial negotiations.”