Member Article
North East firm pursues nuclear breakthrough
A North East firm has signed a deal with a company supplying every atomic power station in the US, and is now preparing for a big breakthrough in the nuclear market.
Mech-Tool Engineering of Darlington has signed a UK-US licence and supply agreement with Chicago based Transco Products Inc. Transco will manufacture and sell Mech-Tool’s products in the US and vice-versa.
Mech-Tool, which employs 175 people in Darlington and Middlesbrough, believes the deal will make it a strong contender for work on the new generation of nuclear power stations planned for the UK.
The Darlington firm is proposing to build a new manufacturing to cope with the extra work the deal will bring.
Despite the recession, last year was the company’s most successful to date and turnover rose from £9m to more than £17m, with the addition of 45 staff.
Managing director, Keith Bell, said: “The deal could open up a massive new market in the US for our products.
“There is a tremendous synergy between the two companies. There is a lot of excitement about the potential opportunities for each company’s products.”
This was posted in Bdaily's Members' News section by Ruth Mitchell .