Feature Article


Continued from pg 13 position


as a supplier-of-choice for


the increasingly complex and unique products that our customers require.”


Dirkson Charles, Chairman of the Board of Doncasters, commented: “Working closely with new and existing customers, we identified significant growth opportunities across


the group’s businesses. The


growth capital raise was significantly oversubscribed, and was supported by nearly 100% of existing shareholders and management.


The level of


participation clearly demonstrates the confidence and support we have from our shareholder base as we embark on this investment program in support of our multi-year growth strategy.”


The first significant beneficiaries of this new CAPEX war chest was Doncasters’ 160,000 sq ft precision


14 ❘ July 2021 ®


casting facility in Oxford, Alabama with a c.$3.5million capital investment to expand its manufacturing capacity with the introduction a new 300lb equiax vacuum casting furnace.


Once operational, the new furnace


will realise a significant immediate increase in capacity, enabling Southern Tool to serve the increasing demands of its key customers in the aerospace industry. It will also bring new casting technology capability to the site, enabling new market opportunities and increased revenue streams.


As well as the increased capacity


brought by the new furnace, the operational efficiencies of newer, more advanced furnace and ancillary equipment technology will have the combined effect of not only reducing carbon footprint but also contribute


to a reduction in waste and increased operational efficiency at the site.


Jason Mays, Managing Director


of Doncasters in the USA said: “Not only is this $3.5m investment going to significantly improve our capacity at Southern Tool it is also a massive vote of confidence in the facility’s position in the marketplace, our future prospects and the abilities of our highly skilled workforce.


“The new capacity will allow us to


maximise every opportunity, using the very latest in technology to offer more products and services to our global customers and confidently satisfy their


ever-growing requirements.


Furthermore, it helps us maintain our position as a leading manufacturer of vacuum and air melt castings in the sector.”


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