Join our Investor Webinar on the 3rd December 18:00-19:30, with speakers from Sunda Energy and Blencowe Resources. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Filtronic unveils planned move to new, purpose-built facility

Fri, 06th Sep 2024 11:15

(Sharecast News) - Filtronic, a designer and manufacturer serving the aerospace, defence, space, and telecoms sectors, announced plans to relocate its Sedgefield operations on Friday, to a new, purpose-built facility in early 2025.

The AIM-traded firm said the new site, situated on the same business park at NetPark in County Durham, would double its operational footprint, significantly expanding its capacity and capabilities.

It said the "state-of-the-art" facility would feature advanced cleanrooms, engineering laboratories, and testing areas, reinforcing its commitment to innovation and growth.

The strategic move aligned with the company's broader goals of enhancing its position as a global leader in high-performance millimetre-wave (mmWave) technologies and scaling its operations to meet future demand.

It said the expansion was also expected to stimulate the local economy by creating jobs and attracting further investment to the region, supporting regional goals of fostering innovation and growth in high-tech industries.

"The increased manufacturing footprint and enhanced testing facilities in our new building is critical to the successful execution of our strategy," said chief executive officer Nat Edington.

"We have reached a point where we have outgrown our existing building and are excited to move to a new facility that is purpose-built and meets our needs to give us the flexibility we need to continue growing our business."

At 1054 BST, shares in Filtronic were up 0.65% at 77.5p.

Reporting by Josh White for Sharecast.com.

Related Shares

More News
31 Oct 2024 10:16

Filtronic manufacturing output hits targets

(Sharecast News) - Mission-critical communication network components business Filtronic said on Thursday that manufacturing output has reached planned...

24 Oct 2024 14:22

UK shareholder meetings calendar - next 7 days

6 Sep 2024 11:53

Filtronic to relocate Sedgefield site to new purpose-built facility

(Alliance News) - Filtronic PLC announced on Friday it had signed a deal to relocate its Sedgefield site to a larger, purpose-built facility on the sa...

30 Aug 2024 21:47

IN BRIEF: Filtronic eyes to beat market expectations amid SpaceX order

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products for the aerospace, defence, telecoms infrastructure, and low earth orb...

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.