A West Midlands company that produces specialist industrial fasteners has taken on an additional 5,000 sq,ft manufacturing space to meet demand
OTC Precision Fasteners Ltd, which already occupies unit 11 on The Dunstall Hill Estate, Wolverhampton, has taken on Unit 2 on the same estate, after agreeing a five-year lease with landlord London & Cambridge Properties (LCP), which owns and manages the estate.
This additional 4,933 sq ft space will enable the company to cope with demand for its products, which sell to the oil and gas, petrochemical and power generation industries worldwide.
Neil Mitchell, managing director of OTC Precision Fasteners, said he hoped that the company would continue to expand.
“OTC is undergoing positive growth at the current time,” he said. “Continued support from our loyal customers and an increase in demand for our products means we require additional space for our manufacturing processes. We are excited about the future potential for OTC Precision Fasteners and look forward to further expansion.”
Paula James, industrial lettings manager at LCP, said with the company taking over the new unit, Dunstall Hill Estate is now fully let.
“We worked closely with OTC Precision Fasteners to ensure that we could provide it with additional premises to accommodate its expansion,” she said. “We’re very pleased that it has committed to staying at The Dunstall Hill Estate for the next five years and we hope that it continues to be a success story.”
The Dunstall Hill Estate is accessed off Gorsebrook Road, close to the entrance of Dunstall Hill Racecourse. The main A449 Wolverhampton to Stafford Road is approximately 250 yards from the site, providing access to Wolverhampton City Centre, and to junction 2 of the M54 and the wider national motorway network. Existing tenants include Gunnebo UK Ltd, Wyko Group and Heinrich Georg (UK) Ltd.