Derby based textiles manufacturer Preform Technologies Limited is breaking new ground in the creation of Technical Textiles.
The company has purchased new, cutting edge machinery with support from the Derby and Derbyshire Enterprise Growth Fund (D2EGF). The investment will enable Preform to develop new products, expand their customer base and create two full time jobs.
Preform Technologies have been solving problems for the manufacturing industry for over 20 years. The husband and wife team built the business by modifying standard v bed knitting machines to meet their production requirements.
The result is a wide variety of components supplied to industry for various applications including reinforcements, filtration and protection.
Knitted as a single seamless piece with no assembly required and zero waste materials. Customers for this efficient and environmentally friendly form of manufacture currently include the Automotive, Aerospace and Transport industries.
The D2EGF fund is a partnership between Derby City Council and Derbyshire County Council to help small businesses in Derby and Derbyshire expand and create good quality, long-term jobs.
Accessing D2EGF has helped Preform to take advantage of an opportunity to buy into advanced knitting machine technology.
When the Directors Sylvan and Cynthia Whalley were asked to trial a new generation machine to assess its capabilities, they saw it as a way to take the business to the next level.
“The machine builder wanted to understand the potential applications of the new machine which has five needle beds compared to the usual two, so they asked us to experiment. Using this technology is enabling us to expand into new markets and diversify. We can now create “whole garments” and other components made from non-standard yarns such as Kevlar and glass fibre. The D2EGF funding helped us to purchase the machine so that we can continue with product development and grow the business.”
The D2 Enterprise Growth Fund is funded by Derby City Council, Derbyshire County Council, the European Regional Development Fund and the Government’s Regional Growth Fund. It follows the achievements of the Derby Enterprise Growth Fund in and around the city; the fund has recently been successful in bidding for additional funding to make the scheme countywide. The funding has been awarded through the European Regional Development Fund (ERDF) and will enable DEGF to support a greater number of businesses wishing to invest in innovation and growth and job creation. The fund will now have two streams, DEGF and D2EGF.
Deputy Leader Cllr Martin Rawson and Cabinet Member for Regeneration and Economy said: “Preform had an opportunity to expand if they could invest at the right time. This is an excellent example of how support from funding can help to stimulate growth and create jobs locally. Derby City Council is delighted to have been able to support the company.
To find out more visit the Derby City Council website: http://www.derby.gov.uk/degf