Manufacturer delighted with prestigious Enterprise Zone acquisition
A fast growing modern manufacturing company is massively expanding its operations in Sheffield City Region by buying a top-spec industrial unit at the Enterprise Zone.
X-Cel Superturn, which produces precision-machined components to the petrochemical and power generation industries, has bought the newly-completed unit from Rotherham Council for £2.75 million in order to triple the size of its operation at the Enterprise Zone.
Andrew Taylor, Chairman and Managing Director of X-Cel Superturn, said:
“Our rapid growth has meant that we have quickly outgrown our premises at Evolution but we are delighted to be able to stay on the Advanced Manufacturing Park by moving to a much larger unit on R-evolution.
“Being located in a prestigious building on the AMP raises the profile of our company, it impresses our customers and makes it easier to recruit and retain skilled staff.”
Since 2012, 18 new companies have located on the Sheffield City Region Enterprise Zone with 480 jobs already created on site and around 400 set to be created in the coming months.
James Newman, Chairman of the Sheffield City Region Local Enterprise Partnership, said:
“In April 2012 I welcomed X-Cel Superturn to our Enterprise Zone and I am pleased that since then the business has continued to grow and grow. The X-Cel Superturn success story is being repeated across our Enterprise Zone because businesses that locate here get access to a highly-skilled talent pool, excellent transport connections and the best tax incentives available – perfect conditions for growth.
“Over the past decade, Sheffield City Region has been one of the fastest growing economies of the North. This is because landowners like Harworth Estates, local authorities like Rotherham Council and businesses like X-Cel Superturn are all working together to build our private sector and create jobs.”
Local Growth Minister, Penny Mordaunt, said:
“X-Cel Superturn’s decision to expand into new premises at Sheffield City Region’s Enterprise Zone shows that it’s a great place to do business. Harworth Estates and Rotherham Council understood this when they invested in this fantastic new building and the fact it is paying off shows real confidence in the local economy.”
Rotherham Investment and Development Office, the regeneration service of Rotherham Council, and Harworth Estates, the UK property regeneration company, were responsible for the sale of the new 30,000 sq ft industrial unit at the Enterprise Zone.
The new unit is located at Harworth’s R-evolution@The AMP, a seven-acre development which began in April this year. The development will comprise five units, of which three have already been acquired by owner-occupiers planning expansion at the AMP: X-Cel Superturn, Maher, a supplier of high-performance alloys, and Nikken Kosakusho Europe, a supplier of precision engineering products.
Owen Michaelson, Chief Executive of Harworth Estates, said:
“We are delighted to see another key advanced manufacturing company expand at the AMP. The disposal of three of the five units at R-evolution so quickly justifies our decision to build speculatively and reinforces the strength of demand for high-quality industrial space at the development.”