A MACHINE shop in Kirkcaldy has secured new contracts of up to £250,000 after investing in new equipment.
Sterling Precision Engineering Services has become the first company in the UK to acquire the latest generation of milling machine, thanks to a six-figure hire purchase facility from Bank of Scotland.
The firm, which is becoming a recognised company in the aerospace engineering field, works with a range of metals and plastics to manufacture bespoke components for its customers, including key parts for ejector seats and civil aircraft.
The new machine will allow it to manufacture more complex and specialised products, broadening the scope of services it can offer clients. Sterling, which recently celebrated 10 years in business, previously operated within the oil and gas industry.
Managing director John Mitchell said: “Having the latest machinery on the market has made a huge difference to our business.
“Not only has it led us to important new contracts, but we’re now able to carry out existing work for our long-standing clients much faster.
“The oil and gas industry has changed a lot in recent years and the support from the Bank of Scotland has helped us diversify our business offering.”
Charles Davidson, regional manager, global transaction banking, at the Bank of Scotland, added: “Sterling Precision Engineering Services is a great example of a progressive and forward-thinking company. It shows just how resilient Scottish companies can be in changing markets.”
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