Autac Products Ltd based in Macclesfield committed to investing £2.8 million in developing a new state-of-the-art manufacturing facility.
We are very proud to share the new facility is an impressive 12,500 square feet, tripling the floor space currently within existing premises on London Road. A new additional site on Lyme Green Business Park enables an opportunity to develop a new manufacturing facility catering to the growing demand for the Autac brand. Incorporating injection moulding, cable preparation, assembly, and added value dispatch, it will enable the business to improve its supply chain operations and work in synergy with its customers meeting their increased demands.
New office space for the growing Autac team of people, there are plans to create training rooms, meeting rooms, a staff canteen and changing rooms. Impressively they plan for a new innovation lab serving the design, research and development team.
The now third-generation family business has seen great growth since husband-and-wife team David and Sallie Lowe purchased the business in 2016, with revenue rocketing from £1.7 million to £5 million over that period. The company is now firmly on track to achieving its ambition of £7.5 million in revenue within the ten-year timeframe ending in 2026.
This latest chapter in the company’s growth has been made possible by the commitment its customers and staff have shown over recent years and the ongoing success of the Autac brand.
David Lowe, Autac’s Managing Director said,
“All at Autac have kept their focus on the job at hand as the British manufacturing sector has navigated the waters of Brexit, Covid, supply chain issues, and rising raw material and energy costs. We’ve invested wisely – whether that be investing our time in improving our operations, the launch of our EV cable manufacturing division or in supporting our customers in overcoming their own challenges.
We’re excited about the opportunities this new venture will bring, one that really wouldn’t be possible without the ongoing support and commitment from our customers, suppliers and of course, our Autac team.”
The business is ambitious for the future, with plans to invest further in new technologies and equipment and ensure that the Autac brand continues to strengthen its reputation and position as a high-quality British manufacturer.
Production is expected to begin at the new premises in early 2023.