Advanex is opening a new factory in Czech Republic during August 2018. The new purpose built 8,500m2 factory will be located on CT Park, Prague Airport and will employ up to 60 people.
Advanex manufacture millions of springs and other precision metal components for the global aerospace market from their current headquarters in Southwell Nottinghamshire,.
The new factory comes as part of Advanex’s ambitious growth plans that will focus on increasing turnover to over €38m (£30m) by 2020.
As a leading supplier of precision components, the new factory will be largely focussed on manufacturing deep drawn, microsprings and plastic over moulding components. These components will be targeted at new and existing markets which will include automotive, aerospace, medical, pharmaceutical, office automation, transport and construction.
The firm say they are working closely with CTP Partnership in Prague to ensure that the project management of the new factory runs seamlessly. The new factory will be over 2 floors and will have state of the art machinery and production lines. They will be embarking upon a recruitment drive to employ a team of highly skilled and qualified people. This will involve recruiting a variety of roles including senior managers, engineers, designers, operatives and other production roles.
Steve Antcliff, Director for Advanex Czech Republic comments: “We are proud to be launching our new factory as part of our 5 year, multi-million pound investment strategy to grow the business. Czech Republic is an excellent location for us with a growing economy, highly skilled labour market and well-developed infrastructure. CT Park will give us great access to our customer base and will provide an effective distribution network across the globe. We are confident that our years of expertise in designing and manufacturing components can add significant value to OEM’s and other manufacturers”.
The opening of the new factory will be celebrated with a launch event during August 2018. This will be the ideal opportunity to meet the teams and understand how the new operation will work.
Globally, Advanex have operations in 23 countries including the United Kingdom, Japan, China, America and Thailand and produce a range of metal components suitable for the automotive and medical markets, which include (but are not limited to):
• Compression springs
• Extension/Tension springs
• Insert Mouldings
• Insert Collars
• Torsion wire forms
• Deep drawn
• KATO® CoilThread® inserts
• Medical springs
As part of Advanex Inc. based in Japan, Advanex Europe are also active members of the SMMT and hold numerous quality accreditations and standards such as ISO 7 Clean Rooms, ISO 13485, ISO 9001 and ISO 14001 and are AS9100 certified.