Key-Tech Invests To Seek New Opportunities
- Key-Tech Electronic Systems Ltd
- Jim Spence
- Existing Business
Key-Tech Electronic Systems Ltd is celebrating its 21st year in business. Looking ahead to the future, there are noteworthy opportunities, which the Kirkcaldy-based business is seeking to maximise following significant investment.
Key-Tech Electronic Systems Ltd, a privately owned sub-contract manufacturer of electromechanical equipment, invested £500,000 in two new Yamaha Modular Surface Mount machines at the beginning of the year, to advance its production ambitions as it seeks to target new markets and projects.
The machines, which are cutting-edge, have brought significant efficiencies and accuracies, enabling the firm to work right down to extremely small, often difficult to see, components.
This new machinery, with operating mounting speeds of up to 90,000 components per hour, is paramount to the firm’s growth. As it looks to move further into the nuclear, aerospace, science and technology and infrastructure sectors, the company is looking to export more, with particular focus on Europe and Japanese markets as well as rail projects in the UK.
The company employs 60 staff and has an annual turnover of £5 million. Its Director, Jim Spence, said:
“We’ve grown organically over the last 21 years and are ambitious. We believe that now, having invested in new, cutting-edge technology that we are in a strong position to expand.
“The new machines ensure we can meet client needs more efficiently and accurately, whilst allowing us to move into new markets, many of which are overseas.”
Key-Tech Electronic Systems Ltd received funding through the Fife Investment Fund grant, administered by Business Gateway Fife (BGF), to improve businesses processes, market development and workforce development. It also received BGF’s Expert Help support to obtain specialist European Nuclear Industry framework knowledge as well as a Low Carbon Energy Review and Website Health Check. Going forward, the company aims to work more proactively with BGF, in particular, relating to exporting.
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