CASE STUDY – ALEXANDER TECHNOLOGIES
Alexander Technologies, which manufactures customisable battery packs and chargers, is planning for growth and job creation with the help of the County Durham Growth Fund.
The Peterlee based company, which supplies its products to customers around the world, is undertaking an ambitious project which will see it refurbish a newly leased building and invest in new equipment. The investment from the CDGF will support the addition of an Electrostatic Discharge (ESD) production area, an engineering and production lab for the creation and testing of products and a production flow to allow for flexible manufacturing of various products. It will also allow Alexander Technologies to create training areas for staff, improved facilities such as a larger canteen to accommodate the growing workforce, an expanded designated maintenance area and significantly increased manufacturing space.
The project is to facilitate the South West Industrial Estate’s company’s projected turnover figures, which will see it increase outputs and grow its customer base.
Finance director Claire Brymer said: “It’s an exciting time for the company as, alongside the investment we’ve received from the County Durham Growth Fund which is supporting the creation of around 55 jobs, we’ve also recruited around 45 more people to meet the demand for our batteries to fit ventilation masks needed during the coronavirus crisis.” The County Durham Growth Fund is managed by UMi on behalf of Business Durham.
Interim Managing Director at Business Durham, Sarah Slaven, said: “Alexander Technologies have put in place ambitious plans to grow and I’m delighted that they’ve been able to tap into the fund to enable their plans to be realised.”
Simon Allen, Service and Investment Director at UMi, said: “It’s good to see manufacturing companies like Alexander Technologies bucking the trend, creating jobs and committing investment which will really cement their future in our region.”