Most of the turnover has been driven by export sales.
The company is known for its bespoke injection moulding tools for the plastics manufacturing industry worldwide.
Speaking at a recent Business Engagement visit to Ad-vance Engineering, located close to the Maze Site, Chairman of the Council's Development Committee, Alderman Allan Ewart, MBE, said: "I was delighted to hear that following the company's attendance at our Westminster event a new customer has come on board with orders to the value of £100k. This demonstrates that the Council's business support, our networking events and the promotion of our Council area for investing really works. We are delighted with the success of Ad-vance Engineering to date and clearly there is more success to come."
-- Advertisement --
Managing Director, Roger Vance, commented: "In the last 18 months Ad-Vance Engineering's business model has been transformed from being a reactive tool maker providing mainly repair and maintenance projects to becoming a collaborative partner on innovative R&D projects with leading injection moulders in our nearest GB export market. We expect our turnover to increase by 25% in the current year driven by export sales.
"Our expansion to a larger manufacturing facility outside of Lisburn and a six-figure investment in new workshops and machinery is testament to our continued growth ambitions. Our recruitment of two additional apprentices to the workforce, two CNC operatives and a new technical director will help drive future growth while also providing skilled employment in the Lisburn area."
(CM)
