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This month: the medium-sized business 100 - which…

Sheffield Forgemasters has set out the progress made on its investment programme, as it marks one year since its acquisition by the Ministry of Defence.

The manufacturer has embarked on a recapitalisation programme, with up to £400m to be invested over ten years and key changes already taking place across its 64-acre site.

As part of the project, to replace defence critical assets, a new 13,000 tonne forging press has been shipped from Japan. Vinci Building has also been appointed on the early stages of a construction contract expected to be worth more than £70m and planning submissions have been made for a new 144,000 sq ft Forge building.

Gareth Barker, chief operating officer at Sheffield Forgemasters, said: "It doesn't seem like 12 months have passed since the company was acquired by the MoD, but we have made substantial progress in getting our recapitalisation programme underway in this time.

"We have crossed some key milestones, including the safe shipment of the new forging press from Japan, which was a vast logistical challenge, submission of plans for the Forge building to Sheffield City Council and the appointment of Vinci Building to undertake a large body of work in advance of our new forging line being constructed.

"We have started demolition works, services diversions and the construction of a new site access road to service the forging line construction and have submitted plans for a new footbridge across Brightside Lane to make it safer for staff and site visitors to cross between the two parts of our site.

"Two large Vertical Turning Lathes have already been purchased from Germany and work is underway on foundations to install these within our South Machine Shop to reduce bottlenecks in machining processes for large technical components.

"Additionally, we have engaged in many tender processes for new cranes and furnaces for the 13,000 tonne Forging line alongside 17 new machining centres and a support package through life for those machines, which will serve defence production."

Sheffield Forgemasters' new forging line is expected to reach completion within four years, with work to install machining centres running in tandem with the project.

Stephen Farrell, Senior Digital Staff Writer T: 0844 980 0183 E: stephen.farrell@newsco.com

Andy Slim, Managing Director, North T: 0113 220 4411 E: andrew.slim@newsco.com

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