GWR Fasteners, which manufactures high-quality special fasteners and precision components, has followed up its move to new premises with the purchase of a new Miyano turning centre.
The purchase of the Miyano BNE-51SY6 8-Axis CNC Turning Centre with barfeed was funded by Close Brothers Asset Finance.
The new machine will enable GWR Fasteners to both ramp up production and offer new products at its new premises in Oswestry, which it moved to after outgrowing its former location,
Jude Robinson, who founded GWR Fasteners with her partner, Gary, said: “The purchase of the new CNC machine is a strong statement of our ambitions and it wasn’t a decision we took lightly.
“Having worked with Close Brothers Asset Finance since we started out, we were able to negotiate a deal that worked for both firms and we are delighted with the outcome.”
Simon Parker, Regional Sales Manager for Close Brothers Asset Finance, Manufacturing division added: “Close Brothers Asset Finance has been a partner of GWR Fasteners since they established their firm over a decade ago. We funded their very first CNC machine and we are delighted that they selected us as their funding partner for the Miyano BNE-51SY6 8-Axis CNC Turning Centre with Barfeed.
“Despite the considerable cost of the machine, the bespoke finance package we compiled will have a negligible impact on GWR Fasteners’ cashflow, which is always a key consideration on this type of deal.”
Photo: Jude and Gary Robinson