The new, state-of-the-art facility of integrated manufacturing specialist, Pryme Group has been officially opened by Norma Redfearn CBE, elected mayor of North Tyneside. Following £10 million investment, the company has been relocated from nearby Ryton to a purpose-built engineering services and manufacturing centre at the Tyne Tunnel Estate.
“We are extremely grateful that Norma took time out of her busy schedule of looking after the interests of the North East business community to visit Pryme Group and find out more about us as a company,” said Angus Gray, CEO of Pryme Group.
“I’m excited about what the future holds for the business and the local area. While work is still continuing to allow the site to operate at full capacity, we’ve taken the decision to move staff into the new building slightly earlier than planned to meet demand for our services,” Angus added.
With operations across the UK and headquarters in Dundee, Pryme Group provides integrated manufacturing solutions for the oil and gas, aerospace and defence industries. The business expects to more than double its current workforce in North Tyneside from 70 to 150 in the next five years and is actively recruiting for new personnel, including CNC operators.
To date, Pryme Group has invested £4.2 million in equipment and CNC machinery with new technology and increased efficiencies expected to result in a boost to revenue and improved on-time delivery .The North East LEP has also provided additional grant funding of £1.35 million through the government’s Local Growth Deal; allowing UK Land Estates to build the unit in North Shields speculatively at a cost of £4.5 million.
“I am delighted Pryme Group has invited me to be part of its official opening on Tyne Tunnel Estate. This facility marks exciting times for the company and the prospect of new jobs being created is also great news for our local residents. The council look forward to working with Angus and his team as they continue their growth plans in the region,” said Welcoming Pryme Group to the borough, Norma Redfearn CBE.
Pryme Group recently signed new contracts with energy sector clients – totalling more than £3.5 million – for fabrication and machining services with all work to be carried out at the new facility.