Investment In Kidderminster Celebrated At Quantum Mouldings
Quantum Mouldings celebrated a £1.2 million investment and the creation of ten new jobs at the official opening of their new factory in Kidderminster on Thursday 26th February.
Special guests Mark Garnier MP, the Mayor of Kidderminster, Cllr Michael Price and Consort, Mr Paul Simpson joined around 40 guests at the event which included a presentation and factory tour, before a toast from Mark Garnier and the cutting of the ribbon by the Mayor.
Quantum Mouldings, a family business that has been manufacturing fibreglass products for a wide range of applications for 30 years, moved to the former Sealine factory last year, after they outgrew their premises in Stourbridge. They invested £1.2 million in the relocation and fit–out of the new premises which was part funded by a European Regional Development Fund grant from the Green Bridge Supply Chain Programme, which was obtained with assistance from Birmingham City Council.
The move will enable the company to pursue its ambitious plans for growth, with turnover predicted to grow to £5 million within five years and the workforce to increase to 50 within 3 years. Ten new staff have already been recruited, which was a key requirement of the funding.
Since the move into the 50,000 sq.ft. space, the company has purchased more machinery, built new offices and improved processes enabling them to extend further into green technology markets – something the company has long been keen to pursue.
Owner and director Peter Wooldridge says, “The opening event was a great way to mark this important stage in our development and thank the advisors and professionals who have helped us obtain the funding to make the move. “We are grateful that so many of our clients took time out to join us and help us celebrate, we are looking forward to many successful years in Kidderminster.”
Picture: MP Mark Garnier and the Mayor of Kidderminster, Cllr Michael Price cut the ribbon at Quantum Mouldings