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Omega Plastics To Enjoy 50% Hike On Annual Turnover

Omega Plastics To Enjoy 50% Hike On Annual Turnover

Following last year’s major merger with UK-based Signal Plastics, UK tooling and plastics injection moulding manufacturer, Omega Plastics has reported it is on track to increase its turnover by a huge fifty per cent. The company has enjoyed increased sales at both its UK sites in Blyth and Hartlepool, even having to increase its sales staff from one to four to accommodate its rapidly growing order book.

Omega Plastics currently provides prototyping and manufacturing services across a wide range of industry sectors and has long been a leader in rapid tooling. Since its establishment in 1998, it has introduced a number of key techniques and practices now widely used in the industry. This year’s predicated turnover of £8.5m comes as a result of prolonged investment and an enlarged presence in Washington, UK.

Norman Hoggett, Technical Sales Director at Omega Plastics revealed that much of company’s new orders had come from the automotive and medical sectors, and that future investment will therefore take heed of that demand.

Facilities in Washington are also due for major development; plans are in place for a new, 42,000 sq ft manufacturing plant dedicated to the automotive industry. The new plant will provide Omega Plastics greater production capacity and help to meet increasing demand. It joins a host of automotive manufacturers in the area, including Nissan and Calsonic Kansei, and is therefore well-situated to grow Omega Plastics’ order book further.

Having entered a strong period of growth, the company is to continue to make further investment in people and tooling equipment, alongside planned facilities development. Over the past five years, Omega Plastics has been investing in an apprenticeship program in order to bolster its tool-making team, and the company has promised to preserve that commitment for the foreseeable future. It currently employs around 70 people across sites in Blyth, Washington and Hartlepool.

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