Leading North East-based tooling and plastic injection moulding manufacturer, Omega Plastics, is set for a 50% increase in turnover this year.
The company is going from strength-to-strength following its merger with Washington-based Signal Plastics last year and a rapidly growing order book at its Blyth and Hartlepool sites.
The projected increase in turnover to £8.5 million is a result of the company’s growing reputation as a UK market leader providing product development and manufacturing services to the automotive, medical, and FMCG industries.
In order to capitalise on opportunities within its markets Omega Plastics has increased its sales team from one to four.
Business development manager Michael Winship has been with the company for three years managing business in the North of England and Ireland. He’s been joined by Andy Smith to manage and develop business opportunities in the South of England and new business development manager Paul Walker oversees the automotive sector across the UK.
Norman Hoggett, Omega Plastics’ technical sales director, explains: “We’re now moving from a consolidation phase to growth. Much of the increase in orders is due to high levels of organic growth combined with substantial volumes of new business mainly in the automotive and medical sectors.
“Closer to home, we’re about to open a new 42,000 sq ft automotive manufacturing plant in Washington to increase our production capacity and meet increasing demand in the sector. We’ve also invested in our sales team and extended the range of services we offer through significant investment in our moulding and tooling capabilities to enable us to cater for more automotive customers with high-volume projects.
“The new Washington facility is ideally located in close proximity to several other automotive manufacturers including Nissan and Calsonic Kansei.
“Looking ahead, the next 12 months promise to be an exciting time for the business. Our key priorities include further investment in people, plant and machinery as we work to establish Omega Plastics as a serious contender in the prototype development, production tooling and injection moulding industry in the UK.”
Omega Plastics currently employs 70 people between its sites in Blyth, Washington and Hartlepool.