2 minute read - 1st June 2023
SDE Technology makes £2m press investment
Shropshire-based pressings and assemblies manufacturer SDE Technology has invested more than £2m in acquiring its largest ever progression press.
It has installed the impressive 1,000-tonne press and coil handling line at its factory in Shrewsbury, an installation that will allow larger die usage and help create larger products for use in the automotive sector.
The press, which has a bed size of 4.5 metres x 1.8 metres, has capacity for over £2m of new revenue, with the company already in discussions with larger OEMs and tier 1s looking for security of supply and opportunities to de-risk the supply chain. Eight new jobs have been created and tens safeguarded because of the investment.
SDE Technology is one of the largest manufacturers of pressings and assemblies in the UK, employing more than 130 people across its core production business and at its logistics division Salop Haulage.
The company has overcome tough trading conditions, the pandemic, chip shortages and energy costs to secure several new opportunities in the automotive sector and is now planning on maximising its latest Hot Form Quench (HFQ®) process. This is a revolutionary hot forming process for producing high strength aluminium parts for use in the automotive, aerospace, and renewable sectors and gives designers the freedom to create parts that offer significant weight savings, yet still deliver higher structural strength.
Richard Homden, managing director of SDE Technology, said: “This is our largest ever progression press and one of the largest in the UK automotive supply chain. It is a fantastic time to invest in this new capability. Yes, there are current headwinds, but for the bold there are also opportunities, with lots of reshoring, electrification and carbon reduction projects currently being discussed. The £2m investment will be a game-changer for our business and the West Midlands as a whole.”
Chris Greenough, commercial director at SDE Technology, added: “The Chin Fong investment comes off the back of two earlier press installations, offering 100 and 200-tonne capabilities. These have been put in initially to deliver pressings for the white goods industry, but they could also be used to support other tooling projects going forward.”