Revolvo Precision Products Moving to Yorks Park
Resource from: CBCC Likes:2953
Oct 09,2008
Revolvo Precision Products (UK, a division of Wyko Industrial Services, itself a division of Eriks Group, Netherlands) will move all bearing manufacturing and distribution operations to Yorks Park Development, Mucklow, Dudley.
The company operates as three bearing manufacturing divisions: SRB - Split Roller Bearing, RPP - Revolvo Precision Products, and RF1, targets highly specialized F1 racing bearings.
Founded in 1968 to manufacture high precision nonstandard bearings, Revolvo was acquired by Wyko in 2004. Eriks acquired Wyko in late 2006.
Announcing the expansion of its large bearing program, Revolvo hinted more than a year ago that it had outgrown the Studley plant and would need to move.
Space-constrained at the Studley location, Revolvo said it expects to expand production and add employees beyond the 60 now working there.
In Yorks Park, Revolvo is taking an already-built 40,000 square foot unit which offers space to develop as large as 160,000 square feet.
Yorks Park Development is designed to attract, and has attracted, a number of heavy industrial product manufacturers such as Revolvo. Dudley is essentially a western suburb of Birmingham, while Studley is a few miles south of the city.
Nick Dent, Revolvo Managing Director, said: "Revolvo exports products to the four corners of the globe and we needed a building that reflected our status as a world-class manufacturer. The Yorks Park site is ideal. Not only is it home to a number of leading industrial manufacturers, creating a hub of activity, it is a modern, attractive site providing the ideal climate in which to welcome visitors and customers."
Mr. Dent went on to say: "Currently, Revolvo has an annual turnover growth rate of 20% per year -- accordingly, we have already welcomed six new staff on board this year and we are really looking forward to expanding into the space afforded by our fantastic new site."
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