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Business & Economy

Tees Components ‘pushing ahead with growth’ after £500,000 investment

A heavy engineering firm says it is ready to take the next steps in its growth journey after spending £500,000 on new equipment.

Tees Components has bought and installed a CNC horizontal boring mill, which it says will double operational capacity.

The business, based in North Skelton, east Cleveland, unveiled the apparatus in a virtual ceremony hosted by Tees Valley Mayor Ben Houchen.

Bosses say the machinery will be used to help produce precision components for the defence, power and oil and gas sectors.

Sharon Lane, managing director, said: “We are really pleased we were able to celebrate such an important milestone, albeit in a very unique way.

“This significant investment is an essential element in supporting the delivery of our growing pipeline of projects, and we are ready to push ahead with our growth plans.”

Mayor Houchen added: “Tees Components is a business that is going from strength-to-strength.

“This is the exact type of business we want to see in the Tees Valley; it shows what our communities and people have to offer.”

A team from Sheffield’s TW Ward CNC Machinery Limited – which supplied the equipment – joined in the day’s celebrations, with managing director Simon Whitworth and head of strategic accounts and projects Stuart Lawson in attendance.

Simon said: “We have a proud and long-standing relationship with Tees Components (and) look forward to continuing it by supporting Sharon and the team with any technical or applications support required on their new projects.”

Picture caption: Tees Components’ managing director Sharon Lane and TW Ward managing director Simon Whitworth at the commissioning of the new horizontal borer