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18 Feb 2008
RJP Engineering of St Clears invests in new workshop
A WEST WALES structural steelwork fabricator is continuing to expand despite the wider economic malaise
RJP Engineering of St Clears is investing in a new workshop, which it is forecasting will help increase turnover to £800,000 within 12 months.
RJP Engineering has offered complete steel design, fabrication and installation services for a range of structures for the industrial, commercial, agricultural and leisure sectors since 1981.
The expansion of its base at Pwll Y Gravel is part of its strategy to diversify into a wider range of larger steel manufacturing projects.
Managing director Karl Saltmarsh said that the new workshop – which will enable the firm to perform previously outsourced jobs such as shot-blasting and painting onsite – will drive a turnover increase of 20% by the end of 2009.
Situated next to current facilities, the new workshop will increase the square footage of RJP’s production space by 2,300 sq ft to 6,500 sq ft and support the firm’s growth strategy to compete for larger, more profitable contracts.
Former contracts manager Mr Saltmarsh, 42, approached business support service Venture Wales earlier this year for assistance in securing a loan to finance the purchase of the business from the founder.
Since taking up the reins, the company has been involved in a number of high-profile projects including the provision of steel structures for extra seating at Llanelli FC’s Stebonheath ground.
When planning the expansion of the business, the company also used Venture Wales for advice and support in the preparation and submission of an application for a single investment fund grant of £15,000 from the Welsh Assembly Government.
Mr Marshfield said: “Venture Wales’ help was invaluable when I purchased the business, so when we were looking to expand I turned to them to guide me through the process of identifying and applying for the funding.
“Our business adviser, Lyndon Jones, proactively took the lead, which meant I could concentrate on growing the business and keeping existing customers happy.
“The grant award has provided an essential boost which will enable us to finalise our growth plans with confidence. We project that we will create two or three new jobs as a result.”
Mr Jones, West Wales business adviser at Venture Wales said: “The credit crunch has affected a lot of construction and engineering firms, so it is refreshing that companies like RJP are flourishing despite the downturn.
“We’ve worked with Karl since he first expressed interest in buying the business and following his successful first year in charge were delighted to help his business grow and meet projected increases in turnover and recruitment.”