Newspaper article The Journal (Newcastle, England)

PS3m Deal Signals Bright Future

Newspaper article The Journal (Newcastle, England)

PS3m Deal Signals Bright Future

Article excerpt

Byline: COREENA FORD Business writer coreena.ford@reachplc.com @Scoopford

ASUNDERLAND plastics firm has secured a deal worth PS3m a year with an international energy expert.

Signal Plastics, which is part of Omega Plastics, sealed the deal after the North East Automotive Alliance invited Signal to Subcon 2018 - a major event for the manufacturing supply chain.

Directors said the project will open up a whole new market for Signal Plastics, based in Washington, which has expanded rapidly and diversified since it was founded six years ago.

The trade event led to a contract with the unnamed international company, which has developed world-leading heating products in both domestic and commercial central heating.

Julian Jamieson, operations director and co-founder of Signal Plastics, said: "Working on this contract from concept through to volume production has been a great achievement for us at Signal and our colleagues at Omega Plastics.

"Together we were able to advise on best design for manufacture methods for the injection mould tooling, which were manufactured in the UK at Omega facilities, support the supply chain to procure the bought-in items which are assembled on to the valve and develop a balanced assembly line while meeting all the necessary quality assurance checks.

"Our core business is the automotive market and we have a robust plan in place for growth.

"The tools and techniques embedded in Signal allowed us to successfully tender for this major contract with a non-automotive customer. This, ironically, has the added bonus of reducing risk to the business due to any volatility in the automotive sector."

Signal's primary market has been in the automotive sector and it manufactures plastic components for companies such as Nissan, JLR and Honda as a supplier into the OEMs (original equipment manufacturer) tier 1 supply base. …

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