Investment in a new CNC machining cell to expand design options for McGreevy Engineering Ltd.
McGreevy Engineering was founded in 1980 by Ignatius McGreevy. The company is an established and highly regarded precision engineering company producing a wide range of top quality precision engineering components using CNC machine tooling and CAD/CAM technology in conjunction with conventional lathe and milling equipment.
The promoter identified an opportunity to make significant production efficiencies in response to the growing demands of industry.
The applicant received funding for a CNC High Speed Machining Cell
Funding from the Rural Development Programme allowed McGreevy Engineering to expand their flexibility, reduce overhead costs and create employment in a rural location
The promoter has identified an opportunity to make a significant response to the growing demands of industry. Through consultation, the promoter has identified a need to invest in a new CNC machining cell to expand design. Current service provision does not have the required level of specialist equipment to carry out precision engineering tasks.
McGreevy Engineering was founded in 1980 by Ignatius McGreevy and is based at Maryland Industrial Estate. The company is an established and highly regarded precision engineering company producing a wide range of top quality precision engineering components using CNC (Computer Numerical Controlled) – machine tooling and CAD/CAM technology in conjunction with conventional lathe & milling equipment. McGreevy Engineering supplies a wide range of industries covering a wide spectrum of applications including aerospace, automotive, medical, shipbuilding and textile machinery components.
Total Capital Investment of £100k for a new vertical CNC machining centre including Milling Centre & Lathe with high speed machining capability of 8k rpm and 3D production / design capacity of 1000 x 600 x 600 mm. This included delivery, commissioning and 2 days operator training on site Project to be implemented in full by 31 August 2012
The project is an expansion of a rural business by investing in a new CNC machine and associated software. This will create 1 new FTE operative post. The new equipment will also increase capability and will result in a significant reduction in production costs. In terms of actual turnover, investment in the proposed new CNC machining cell and software is part of a broader management initiative aimed at safeguarding the future of the business by increasing competitiveness and ability to secure lucrative sales contracts.
This applicant has had previous funding with the NIRDP and was familiar with the procurement process which resulted in the submission of a successful claim etc