Spring factories in Cornwall form Lesjöfors Heavy Springs UK.

The factories in Cornwall, based in Penryn and Redruth, formerly called European Springs & Pressings, will now form a new company called Lesjöfors Heavy Springs UK.

Michael Gibbs, Managing Director of the newly formed Lesjöfors company said: "This is a really exciting new chapter for the Cornwall factories.

"Our new company and new name reflect a unified team under the Lesjöfors AB brand and the world-leading springs we manufacture for customers across the automotive, rail, agriculture, oil, mining, construction and energy sectors in the UK.

"We have achieved a record-breaking order book over the last year; sales are up 35 per cent, we’ve grown our team by 40 per cent and our annual turnover is our best yet at £15 million.

The factories in Cornwall will now form a new company called Lesjöfors Heavy Springs UK.

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"This year we’re investing £1 million in new machinery and every element of our performance has been driven by an ambitious and progressive team, propelled with investment support by Lesjöfors AB."

The rebrand is part of a new division, focusing on growth and significant investment in the heavy springs sector across the specialisms, product range and industries served within the Lesjöfors AB heavy coiling sites in the UK, Finland and Sweden.

Ola Tengroth, CEO of Lesjöfors AB said: "As part of our global long-term future-focused growth strategy, the heavy springs sector has been identified as one of four key expansion areas and the

Cornwall sites evolution, to a new Lesjöfors brand, is a natural fit for the company’s future."

Gibbs concludes: "We’re evolving for our customers; enhancing efficiencies, committing more investment and moving forward, together with our heavy spring colleagues in Finland and Sweden, as a progressive and competitive global design, manufacturing and technological development network."