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Million-dollar investment drives growth at Omega Plastics Group

Clare Goldsberry

May 31, 2016

2 Min Read
Million-dollar investment drives growth at Omega Plastics Group

Omega Plastics Group, located in northeast England with sites in Blyth, Washington and Hartlepool, is investing £1 million ($1.27 million) in new equipment across its three sites. The investment is supported by a £200,000 grant from Let’s Grow North East and £60 million from a regional growth fund program operated by business services company BE Group and Newcastle accountancy firm UNW LLP.

Alan Franklin, Managing Director at Signal Plastics, and the company's new Negri Bossi machine.

Omega Plastics Group was established in 2015 following the merger of Omega Plastics and Signal Plastics.

The first stage in the investment program is a 1,300 ton Negri Bossi injection molding press and overhead robotic equipment installed in the Washington facility. This £400,000 machine enables Signal Plastics to produce more and larger parts for the automotive sector, where it is a Tier One and Two supplier to various manufacturers including Aston Martin and Nissan.

Alan Franklin, Managing Director, said: “We’ve made this investment on the back of increased demand from the automotive industry. It’s a significant development in the growth of the business, but we’ll see the rewards not just in terms of the extended product offering we can make to customers but also in making our process more cost effective by improving our energy efficiency.”

Andrew Frost, Project Adviser, commented: “It’s very encouraging to see northeast companies like Omega Plastics Group investing in new state-of-the-art equipment, which, as well as driving growth, is also creating new, highly skilled jobs within the business. It’s great that Let’s Grow has been able to play a significant role in helping the company to achieve this.”

In April, Omega Plastics Group marked its 10th anniversary by being accredited to ISO/TS 16949:2009, the global quality standard for the automotive sector, and confirming that it remained on course to record a 50% increase in turnover this year to around £8.5 million.

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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