Chesterfield Manufacturer to Expand
Chesterfield manufacturer Krantech Holdings Ltd has been awarded a Regional Growth Fund (RGF) grant of £300K for a £1.5 million investment in a 10,000 square foot new factory based at Colliery Close in Staveley, Chesterfield. The state-of-the-art facility’s target completion date is March 2016.
The funding will see Krantech grow from 50 employees with the creation of 15 new jobs and the new manufacturing unit will compliment the company’s existing medium/heavy fabrication workshop.
The new building will meet additional requirements for precision CNC machining and large machining capacities in the Subsea oil and gas market sector and also new services, such as pressure testing and alloy steel exotic welding.
Mel Myronko, CEO at Krantech Holding Ltd said:-
“The RGF grant has enabled us to take the company to the next phase of development. It will enable us employ a number of local people and continue with our commitment to apprenticeships”.
“The new manufacturing unit will be state of the art and set up with the “paramount safety first” attitude pre-requisite, a necessity when working in the Oil/Gas sector. Meaning, Krantech Holdings Ltd will be well equipped in both H&S and technical ability to deliver on any specification from MoD, Marine, Aerospace and Track/Rail sectors, as well as general machining.”
“All this has been achieved with the assistance of Chesterfield Borough Council.”
Due to the expansion Krantech Holdings Ltd will also be expanding into new market sectors away from the oil and gas market sector, with a vision to provide services to local companies.
