A Scottish precision engineering company has announced a £2m investment programme aimed at global growth.
KRG Engineering, based in Coatbridge, is looking to gain energy and defence market share.
It is targeting an annual turnover by 20% for the next five years by expanding its oil and gas, rail, defence and consumer goods presence – as well as diversifying into renewables.
The investment into new technology and equipment should enable it to develop its offerings in engineering and machining capabilities.
The firm has appointed John Houston as a business development manager to lead aerospace, renewables and defence growth plans.
He joins the company following 12 years with the Walker Group, having held various senior positions.
Gerry Hughes, chief executive at KRG said: “This is the time to realise our potential and to do that, we want to reinvest into the untapped engineering talent we have in Scotland to solve safety and uptime challenges.
“By housing all our capabilities under one roof, we offer customers an end-to-end solution to reduce costs and interfaces while improving quality and reliability.”
KRG currently employs more than 90 people in Scotland and has delivered projects in Europe, The Americas and Asia Pacific.
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