Renishaw to invest £50 million in manufacturing site expansion
June 28, 2022
Renishaw, Wotton-Under-Edge, Gloucestershire, UK, has announced that it will invest over £50 million at its Miskin site in South Wales to increase manufacturing capacity. The additional capacity is expected to allow for increased machining operations and the assembly of products already built at the site, including Renishaw’s metal Additive Manufacturing machines.
The investment will see 37,000 m2 of additional low-carbon buildings created at the 193-acre site to the west of Cardiff, consisting of two new production halls and an employee welfare facility. The existing production halls will also be refurbished to reduce their greenhouse gas emissions.
The construction is excepted to be completed in phases, with a 15-month programme of work starting in July 2022 to build the first of the new halls (17,540 m2), the welfare facility and supporting infrastructure. The basic shell for the second new production hall (18,190 m2) is scheduled to be built by December 2024.
This investment will allow Renishaw the additional manufacturing capacity required to meet its forecast sales growth in the coming years and will also help the company achieve its 2028 Net Zero target for Scopes 1 & 2 greenhouse gas emissions. This is said to be a key consideration for the construction programme at the Miskin site. Therefore, the new facilities will be built with the latest technologies and materials to ensure that they will be net zero in operation, and the build will also aim to minimise the amount of embodied carbon within the building materials used in construction.
By the end of 2024, the company also aims to have refurbished the two existing halls at Miskin to reduce their carbon emissions including new energy-efficient cladding and the replacement of existing heating systems. These sustainability investments complement initiatives at Renishaw’s other global sites, including large investments in roof-mounted solar panels, new car port solar panels, and feasibility studies to assess the viability of wind power.
Gareth Hankins, Head of Global Manufacturing, stated, “The last two years have highlighted the importance of in-house manufacturing for Renishaw and the control that this gives us in meeting our quality, cost and delivery targets. This significant investment by our board to increase the Group’s production capabilities demonstrates a huge vote of confidence in our manufacturing operations and people, at an exciting time for the business.”
