Multi-national engineering group LoneStar is to invest £7.5 million in a new HQ and manufacturing and distribution centre of excellence in the West Midlands which will safeguard hundreds of jobs in the region.
The company manufactures and supplies high-performance fasteners, sealing and precision-engineered components for the global energy markets.
Extensive refurbishment, building and modernisation work will begin in February to create a new 115,000 sq ft facility at Universal Point in Steelmans Road, near Junction 9 of the M6.
It is scheduled to be completed by next summer.
Employees from the company’s existing sites in the Black Country - two at Willenhall and another at Bilston - will transfer to the facility when the refurbishment is completed, along with staff from the existing head office in Kennicott House, Wednesfield.
Mike Curnyn, LoneStar’s global vice-president of operations, said: “The Black Country is a fantastic place to do business. We will create a modern manufacturing and distribution facility in a central location, and with it the opportunity - by integrating our three businesses in the West Midlands - to safeguard hundreds of jobs and build a successful platform for future growth and development.
“The new plant will feature best-in-class manufacturing and laboratory facilities, warehousing and offices. It is currently occupied by Aqualux Products, which vacates the site early in the New Year, and just over four miles from LoneStar’s existing head office and its PRD, Triplefast and Eurofast divisions.Mr Curnyn said: “Our new plant will provide us with increased manufacturing capability, excellent facilities and a superb working environment.”