Caparo have approved a £2 million Euro investment plan for its precision tube mill in the West Midlands.

On October 1st 2014 Caparo announced a 2 million Euro investment plan for its precision tube mill in the West Midlands in order to better cater to the requirements of a changing and highly competitive market.

Caparo’s UK investment schedule plans to expand and improve the business’s downstream distribution and customer service offering in the UK precision tube market. In addition to a further Euro 2 million programme at Polish forging business, Caparo Forging Bomet, which is already under way.

Currently at its first stage of implementation, which extends through to 2017, the investment schedule includes the establishment of new manufacturing operations and the upgrade of the business’ capabilities for adding value to customers with services.

Chief Operating Officer at Caparo, Douglas Dawson said: “The above developments are only the beginning for us, we are presently laying the foundations for future substantial investment in our UK tubular operations, which will include laser cutting, new heat treatment facilities, stainless steel production, additional manipulation cells and tube mill upgrades.”

“The aim is to use our extensive resources and engineering skills to grow into higher value added products and services, and to become the premier supplier of tubular solutions not only in the UK but in Europe.”

Furthermore, the business’ distribution arm, Hub Le Bas, is set to continue its expansion strategy by winning new customers and adding new branches to its current depot network.

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