Member Article

Durham expansion to facilitate new jobs and 60% turnover hike for PSI Global

A North East manufacturer specialising in filtration and separation has announced it will be growing its workforce by 50%, following a move to Durham.

Moving to Wynyard Park, PSI Global has revealed it plans to increase its turnover by 60% and create 30 new jobs, taking its total workforce from 60 to 90, over the next three years

Securing Let’s Grow North East funding to facilitate its growth, the business was able to move into the new, purpose-built manufacturing facility to coincide with its 40th anniversary this year.

Working in filtration and separation technology, the family-owned firm manufactures compressed air and vacuum products to solve problems from polluting exhausts to energy wastage, machine down-time and loss of productivity.

The new factory at Wynyard will allow company, which exports worldwide, to increase production and continually improve its product offering for the industries it serves.

MD Daniel Hunter, whose parents George and Sue Hunter started the business in 1976, said: “We have invested in the latest machinery and amalgamated our plastic injection moulding operation into one energy efficient, purpose-built factory with state of the art laboratory testing facilities.

“Our aim is to continue to innovate and remain at the forefront of filtration and separation technology. It’s part of the drive to ensure we are responsive as possible to our clients’ needs.”

The increased capacity of the new factory at Wynyard Park will allow PSI to ramp up production and continue to develop new products. It has set itself a target of increasing turnover by a further £3 million by the end of the decade.

UNW corporate finance partner, Neville Bearpark, added: “Let’s Grow provides grant support for capital investment and R&D projects that will create new and sustainable jobs.”

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