News

7 September 2010

 

OIPT's exceptional growth halts relocation plans   

In October 2006, equipment maker Oxford Instruments Plasma Technology (OIPT) announced plans to move its premises from Yatton, UK to a new building being built at Locking Parklands (formerly RAF Locking), on the outskirts of Weston-Super-Mare, UK. The move was scheduled to complete in April 2008, but was since delayed. Now, according to a recent report in the Weston, Worle & Somerset Mercury, the planned move has been scrapped because the Locking Parklands site is no longer large enough.

According to the report, OIPT’s managing director Andy Matthews said: "Since we first looked to relocate the business back in 2005 the business has more than doubled its turnover, and by the end of the year we will employ 300 people - an increase of 50%.

"We now need a much larger and more flexible facility than we had planned at Locking.

"We are not ruling out a move to Locking but we have decided not to complete the planning application currently lodged with the council and will focus all our attention on our current growth opportunities in the short term."

OIPT adds that it now aims to be in its new premises somewhere between 2013 and 2015.

See related items:

OIPT on the move

See: Oxford Instruments Company Profile

Search: OIPT

Visit: www.thewestonmercury.com

Visit: www.oxford-instruments.com

For more on OIPT: Latest issue of Semiconductor Today