A Bury-based heat treatment specialist has invested in world-leading technology to help meet increasing demand and futureproof its business, with the support of a funding
package from Lloyds Bank.
WHT Holdings Limited offers the heat treatment of metal components, and other surface engineering processes, to customers in the aerospace, motor sport, pharmaceutical
and surgical sectors. The funding from Lloyds Bank has allowed the business to invest in a new hot isostatic pressing (HIP) machine – the second to be sold in Europe, and fifth worldwide – as part of plans to grow and become more competitive in the market.
The new machine changes the structure of components at a microscopic level, heating and then densifying the metal to reduce porosity. This process improves the longevity
and performance of structures, from surgical implants to parts of aircraft, power generation and Autosport. By extending the lifespan of components, reducing risk of material failure and improving performance, the process means users can benefit from enhanced
safety and efficiency in these industries.
Although the technology has been around for over half a century, demand has only recently accelerated in the manufacturing supply chain. Much of this is due to an increase
in mainstream 3D printing and additive manufacturing. The HIP process eliminates weak points in 3D printed components, meaning WHT Holdings can offer its customers a service that allows them to manufacture larger quantities of product much faster without having
to compromise on quality and performance.
The new HIP machine utilises the inert gas Argon, and produces no harmful waste product.
Funding from Lloyds Bank was also used to upgrade a 2500 sq M centre to house the new machine. This is expected to be running at full capacity with a 24/7 shift pattern
from 2024 onwards. So far, the business has made five additional hires to its 245-person strong workforce, and this will increase once the complete shift pattern is up and running.
Over the next five years, WHT Holdings Limited plans to invest £20,000,000 in its business. This includes purchasing a second HIP machine next year, with capacity for
a third unit to be installed in the new centre later down the line.
Simeon Collins, Director at WHT Holdings Limited, said:
“Investing in this new machinery has allowed us to offer our customers a service that not only helps them to increase output without compromising on
quality, but also generates growth for our own business.
“The funding from Lloyds Bank has been instrumental in helping us futureproof our business and position ourselves as leaders. Now we can continue to build trust with big
customers in the power generation, defence and surgical sectors, as well as aerospace and motor sport, by being able to improve the life and quality of their components and products.”
Ria Kelsall, relationship manager at Lloyds Bank, said:
“WHT Holdings Limited works with customers from sectors where quality, reliability and longevity of components is of the utmost importance. Its investment in this new machinery is a testament to its industry knowledge and support of its customers.
“The business is embarking on an impressive growth plan over the next few years, and we’re proud to be by its side as it continues to unlock new opportunities and cement
itself as a key player in the European and global markets.”
