Nuneaton firm hits India thanks to £2m investment

Nuneaton firm hits India thanks to £2m investment

A Warwickshire laser cutting company is now exporting to India after a £2m investment in new technology.

Nuneaton-based Subcon Laser Cutting is exporting parts to support the yellow goods industry after a major company within the sector opening two new factories in India last year.

India is the latest addition to Subcon’s exporting portfolio, as the firm already has exporting links throughout Europe.

Subcon Laser Cutting general manager Tom Mongan said: “We have exported in the past to companies in France and Ireland and we can now add India to that portfolio.

“So far our customer in India has placed four orders each for 5,000 parts at a time, so they are quite large-scale orders.

“The company is looking to place more orders going forward and we are also looking at new products for them.

“It’s a really exciting time for us at the moment. We have invested heavily over the last couple of years, spending over £2 million on the latest technology, and our new 8kw Trumpf Fiber laser system is the first of its kind in the UK.”

Established in 1989, the firm currently employs 30 people and has a turnover of £4m, however is on the verge of outgrowing its current premises.

Helena Bassett, from the Coventry and Warwickshire Chamber of Commerce, has been advising the company.

She said: “I’ve worked with Tom and Subcon for some time, advising on grants available and other schemes that can help the business.

“We will continue to work with the company to help it overcome the latest barriers in its ambitions for expansion.” 

 

 

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