Omega Plastics set to double turnover in 2016 thanks to “rapidly growing” order books

North East-based tooling manufacturer and plastic injection moulder, Omega Plastics, says the company is set for a 50 percent increase in turnover in 2016.

The projected increase in turnover to £8.5 million comes as a result of its merger last year with fellow North East manufacturer, Signal Plastics, as well as a rapidly growing order book at its Blyth and Hartlepool sites.

“We’re now moving from a consolidation phase to growth. Much of the increase in orders is due to high levels of organic growth combined with substantial volumes of new business mainly in the automotive and medical sectors,” explained Norman Hoggett, Omega Plastics’ Technical Sales Director.

“We’re about to open a new 42,000 sq ft automotive manufacturing plant in Washington to increase our production capacity and meet increasing demand in the sector.”

The new Washington facility, he added, is located in close proximity to several automotive manufacturers, including Nissan and Calsonic Kansei.

The growth has resulted in Omega recruiting an additional three sales staff in order to allow it to capitalise on opportunities within the markets of automotive, medical and FMCG.

Business Development Manager, Michael Winship, has been with the company for three years managing business in the North of England and Ireland. He’s been joined by Andy Smith to manage and develop business opportunities in the South of England and new Business Development Manager, Paul Walker, to oversee the automotive sector across the UK.

 “We’ve invested in our sales team and extended the range of services we offer through significant investment in our moulding and tooling capabilities to enable us to cater for more automotive customers with high-volume projects,” Hoggett continued.

 “Looking ahead, the next 12 months promise to be an exciting time for the business. Our key priorities include further investment in people, plant and machinery as we work to establish Omega Plastics as a serious contender in the prototype development, production tooling and injection moulding industry in the UK.”

Omega Plastics currently employs 70 people between its sites in Blyth, Washington and Hartlepool.