Derby-based precision engineering company Promach 3D is the latest manufacturing company to establish a base at Derby’s £12m iHub innovation centre on Infinity Park.
Established in 2004, Promach 3D specialises in the manufacture of both conventional and complex components for use in the aerospace, rail and motorsport industries.
The business prides itself on its ability to react quickly to customer requirements to the highest quality standards, which has earned it an unrivalled reputation within the elite precision industries.
The company, which expanded its workforce in 2017 due to increasing demands on its capacity, has taken on an additional unit located in the iHub.
The high-quality accommodation, easily accessible location and facilities on offer at the iHub will allow Promach 3D to expand its footprint in Derby even further and continue to grow in the engineering sector.
Since it was launched in 2016, the £12m iHub, which has Enterprise Zone status, has attracted a diverse range of businesses to its 18 offices and 14 ground floor workshops.
Occupancy levels at the iHub have now reached 94%, with local, regional and national companies taking advantage of the building’s strategic location on Infinity Park.
High profile clients include such as global aerospace giant Airbus; Altran, a world leader in engineering and R&D services; and Composite Braiding, specialists in thermoplastic composite braiding and VRCO, an advanced aviation company, which is hitting the headlines across the globe with the development of the world’s first British-made flying cars.
Nuclear AMRC Midlands, a new research and innovation centre to support manufacturers across the region, recently set up a base at the iHub. The new centre is a major expansion of the Nuclear Advanced Manufacturing Research Centre, part of the UK’s High Value Manufacturing Catapult.
Commenting on the move to the iHub, John Burke, commercial manager at Promach 3D, said:
In order to meet the demands on our business and to increase our manufacturing capacity, we felt it necessary to expand to a location like the iHub. We have our headquarters on Victory Park, which is our principal site, and the additional facility at the iHub is set to support it.”
“We are delighted to be at the iHub. It gives us a great platform to train new staff and expand our customer base. We also have a training programme in place to bring through young engineers.
“Being at the heart of a manufacturing district is really key to our business as it allows us to be accessible and responsive to our customers’ needs.”
Ann Bhatti, head of Connect Derby, added:
“We’re delighted to welcome John and his team to the iHub. Since it was launched, the iHub has established a reputation for providing a supportive and collaborative environment to enable businesses to innovate and grow.
“We look forward to supporting John and the Promach 3D team as they continue their impressive growth.”
The iHub builds on the success of the popular Connect Derby scheme, which has created a strong market for mixed use and sector specific serviced offices across the city at its six other buildings across the city – Friar Gate Studios, Marble Hall, Riverside Chambers, Sadler Bridge Studios, Kings Chambers and Shot Tower.
The building scooped the Design Excellence Award at Insider’s East Midlands Property Dinner 2017 and was named best commercial development at the Royal Institution of Chartered Surveyors (RICS) Awards 2017, East Midlands.
The development has received funding from the Regional Growth Fund and European Regional Development Fund (ERDF), as well as Derby City Council and University of Derby.