Cheadle-based engineering firm, ECAM Engineering, has upgraded its factory with the backing of a six-figure funding package from HSBC UK.
ECAM Engineering, established 50 years ago, is one of the region’s leading precision fabrication manufacturers, supplying clients in the earthmoving, construction and rail industries across the UK. The business has expanded its factory by 30 per cent following the acquisition of two industrial units next to its existing site using the funding from HSBC UK. The 5,382 sq. ft. of new space accommodates expanded offices and production facilities.
ECAM Engineering has also used HSBC UK’s funding to purchase the latest 400amp plasma cutting machine, computer controlled milling machine and a 175ton CNC pressbrake allowing it to scale up production by 20 per cent.
As a result of the expansion, ECAM Engineering anticipates it will create three new jobs and increase revenue by 10 per cent in the next 12 months.
Phil Arme, Managing Director of ECAM Engineering, said: “We’re in a competitive market and it’s through the quality of our workforce, our customer service and our technical investments that we remain a market leader. Raising productivity by using the latest technology is central to our growth strategy and, with the backing of HSBC UK, we’re now poised to scale-up capacity and win new business.”
John Paulson, Business Banking Relationship Manager for Liverpool, Cheshire and Staffordshire, HSBC UK, added: “ECAM Engineering is a great example of the type of growth-hungry business we are proud to support. Phil and his team have considerable experience and knowledge of their industry and they’re not afraid to make significant investments to raise productivity. We look forward to seeing the business continue to grow.”
ECAM Engineering, based on the outskirts of Cheadle, offers clients a complete engineering solution, from manufacturing prototype components from customer design drawings, through to supplying volume components with production level drawings to daily schedules. It currently employs 35 people and last year saw a turnover of £2.5M.
The finance was allocated from HSBC UK’s £1.1 billion SME Fund for the West Midlands, which aims to actively help businesses realise their ambitions for growth and navigate Brexit.