Cti Builds on Success

Castings Technology International (Cti) has announced plans for further expansion on the Advanced Manufacturing Park (AMP) in South Yorkshire – 2 years after relocating its headquarters to the Park.

Construction has commenced on a 40,000 sq.ft. building adjacent to the existing headquarters building. Three acres of land have been purchased as part of a £4.7 million project that will increase the workspace occupied by Cti on the AMP to 90,000 sq.ft.

Cti provides research and development, product and market development, and consultancy services in the field of metal castings to all market sectors. The new facility will house additional R&D equipment, production-scale 'technology demonstrators' and a major investment in state-of-the-art facilities for integrity assessment and product certification to the most exacting standards. 

The expansion has been made possible through further finance from NatWest Bank, the sale of Cti's existing East Bank Road site in Sheffield, and support for capital equipment from Objective 1 European Regional Development Funds and Yorkshire Forward.  This latest project will bring Cti’s total capital investment on the AMP to just over £15m.

Cti’s Chief Executive, Mike Ashton, said: “The confidence to undertake another major investment on the AMP so soon reflects the success we’ve achieved in recent years and especially since we moved onto the Park.  We’re at the end of a five year Business Plan in which we have met, or bettered, the projections in terms of revenues and profit, achieving an average compound revenue growth of 11%,  and projections for the next three years envisage further growth of more than 42%, requiring the recruitment of 30 additional people.  This will ensure a sustainable future for Cti as one of the world's leading centres for research, technology and services relevant to casting supply chains and new markets”.

For further information on Cti, please contact:

Dr. Mike Ashton, Chief Executive,
Castings Technology International,
Advanced Manufacturing Park, Brunel Way, Rotherham, S60 5WG, UK.
t:  +44 (0)114 2541144      f:  +44 (0)114 2541155           
e:  m.ashton@castingstechnology.com      w:  www.castingstechnology.com

Notes to Editors:

Cti is a research and technology organisation with 110 multi-disciplinary personnel providing R&D, consultancy and technical services to casting producers and users around the world.  Its practical skills, experience, knowledge and information in casting design, materials, specifications, manufacturing technologies, applications, structural integrity and performance provide a strategic resource to global supply chains.  With production-scale, state-of-the-art facilities, the organisation is exceptionally well-equipped to carry out market-led design and product development activity.