Published on November 7th, 2012
Fast-growing engineering company Cygnet USA has launched a new technical engineering division to provide US customers with local technical services including machinery installation and trouble-shooting.
The automation and fiber processing specialist, which is part of UK engineering firm Cygnet Group, has taken the move in response to growing sales of its machinery in the North American manufacturing market. Here, its solutions are used to produce carbon fiber destined for the worldwide aerospace, automotive and leisure industries. Read the rest of this article »
Published on November 7th, 2012
Fibre processing company Cygnet Tex-Web has won a £5m contract to supply five PAN precursor creels to one of the largest carbon fibre and composites manufacturers in China.
The specialist creels with integrated handling equipment, which are manufactured under Cygnet Tex-Web’s Texkimp brand, will be used to unwind and guide PAN fibre from 250kg packages into carbon fibre production lines producing fibre for the aerospace, automotive, marine, rail, renewable energy and industrial markets in the Asia-Pacific region. Read the rest of this article »
Published on September 28th, 2012
Matthew Kimpton-Smith has been named SME Director of the Year at the Institute of Directors North West annual awards.
The ceremony, held last night at Lancashire County Cricket Club’s Old Trafford headquarters, was attended over 350 members of the northwest business community and hosted by BBC Breakfast business presenter Stephanie McGovern. Read the rest of this article »
Published on September 4th, 2012
Engineering firm Cygnet Group has secured a new £2.5m working capital facility from RBS that will enable the company to deliver a burgeoning order book.
Cygnet Group, which provides advanced manufacturing solutions to a range of industries including aerospace and automotive, fibre and fabric processing, and subsea oil and gas, will use the new facility to meet working capital requirements generated by increased orders and higher order values. It is expected to meet the working capital requirements of the group for the next 15 months after recent growth saw it secure new projects worth more than £25m in 2012. Read the rest of this article »
Published on May 31st, 2012
Fast-growing engineering specialist Cygnet Group has announced plans to build a £6m state-of-the-art design, assembly and machinery testing facility and new company headquarters on the site of the former Cheshire Salt Works in Wincham near Northwich.
The three-phase development, beginning in 2013, will increase the company’s total footprint to 100,000 sq ft. This will allow Cygnet Group to consolidate its three business units onto one site after considerable recent growth forced the company to find alternative accommodation for parts of the business. Read the rest of this article »