Member Article

Ashington's Lynx to leap forward with £120k site investment

Lynx Precast Limited has invested £120k to expand its manufacturing capacity at its Ashington base.

Specialists in the design, manufacture and installation of precast concrete flooring systems for the UK construction industry, the firm is the only manufacturer producing both hollowcore slab and T beams in the North East.

The investment has funded the installation of a hollowcore casting machine to extend the Lynx product range by manufacturing 100 mm to 300 mm deep hollowcore slabs. It is also the company’s first step in meeting rising customer demand by increasing production capacity on site to 12,000 m² per month.

Lynx has also invested in a fleet of six tonne side-loading forklift trucks through Northern Handling Systems on Teesside. Since launching in January 2014, the company has already invested more than £1m in the plant, which also produces beam and block flooring and insulated flooring systems.

The company currently employs 28 people and has a projected turnover of £6m in 2016. The team includes draftsmen, estimators, technicians, fabricators and installers.

Andy Teasdale, Lynx Precast managing director, said: “We are a young, ambitious company and want to continue to grow our market share in the UK construction sector. The recent housing support announcement by George Osbourne in his budget was very encouraging. The housing sector needs long-term sustainable growth with sensible mortgage lending criteria to help keep house price inflation in check.

“By investing in the new hollowcore casting machine and forklifts we aim to boost our competitiveness, manufacturing capacity and add value to our service offering in order to meet the projected growth in new business.”