Metalysis announces new jobs in South Yorkshire
Yorkshire Forward £1.5million grant means 85 new jobs over three years.
Rotherham, South Yorkshire, UK, 27 October 2009 – Yorkshire Forward has confirmed a £1.5 million grant to Metalysis, the technology innovator for the speciality metals industry.
The award from the Regional Development Agency will help create 90 highly skilled jobs in the South Yorkshire region as the company gears up to develop a pioneering semi-continuous plant to produce titanium and tantalum powders for worldwide markets.
This latest tranche of monies from the Regional Development Agency, under its Grant for Business Investment scheme, supplements previous Inward Investment Grant funding from 2006.
“Yorkshire Forward has played a key role in enabling us to establish a commercial and core production hub here in South Yorkshire as we address lucrative markets around the world. The Regional Development Agency has again given us essential financial support as we enter a critical project, by the end of which we expect at least another 90 people to be sharing in our continued progress,” says Mark Bertolini, Chief Executive of Metalysis.
Simon Hill, Executive Director of Business for Yorkshire Forward comments: “This Yorkshire Forward grant has secured the production of innovative products and entry into new markets for Metalysis. It will create 90 direct jobs for the industry, not to mention the positive impact on supply chains throughout the region. It will also further cement Yorkshire and Humber’s already strong reputation in advanced manufacturing.
“This is what we are about – helping companies in the region to secure long-term prosperity and grow sustainable businesses. We fill a much needed gap in the market for companies wishing to access finance who would otherwise have to face what is a difficult marketplace, alone.”
The new jobs, which are a condition of funding by Yorkshire Forward, range from research scientists and process development engineers to production operatives and sales staff.
“We have overcome some difficult challenges to prove our breakthrough FFC process technology. On the way, we have adjusted our commercial priorities, more closely identified priority niche markets around the globe, and adapted our strategy. Now, with Yorkshire Forward among those who are investing in our technology and our workforce, we can move on to develop our capability and produce commercial grade titanium and tantalum products profitably, in sufficient quantities and at competitive costs,” adds Mark Bertolini.
Note to Editors
Metalysis Ltd. www.metalysis.com is the UK’s leading technology business for the global manufacture of special metals and alloys. Using the FFC Process, the company has developed an important new technology for producing tantalum, titanium and other metals from the oxide.
The FFC Process works for a vast range of metals, alloys and carbides with significant economic and environmental benefits over existing processes. Metalysis owns the worldwide exclusive exploitation rights to the FFC Process.
The Metalysis business, while focused mainly at present on scaling up its innovative technology, is already supplying low volumes of metallurgical grade powders. From 2010 the company will embark upon the commercialisation of its technology. It expects to see substantially increased sales as its semi-continuous pilot production plant comes on stream. Following successful completion of that two-year project, in its next phase of commercialisation the company will begin competing for volume markets serving such worldwide industries as aerospace, marine, medical, chemical, automotive and electronics.
During the last five years Metalysis has raised £19 million in venture capital and a further £4.8 million in grants. From a workforce of three in 2005, the business now employs 50 people in science and engineering, scale-up and commercial development operations. Metalysis holds 24 patent families, filed in 88 countries.
Issued by The Hannover Consultancy on behalf of Metalysis Ltd. Further enquiries to:
Tel. 00 44 (0)207 602 9222 / 07738 710583