Business Durham's innovation and business growth director, Catherine Johns, said: "From a spin-off from Durham University to company targeting a PS32m turnover, Altec
has proved it has the specialist skills, innovation and quality to design and manufacture some of the world's best components.
Implementation of training and the aforementioned increase in the skill levels will be achieved by increasing the competitiveness of the company ALTEC
the demanding market with ERP systems.
The components to be produced by Altec
under this agreement will often be complex in shape and machined to fine tolerances in a variety of standard and exotic materials.
Dan Butters and Clare Boardman of Deloitte LLP were appointed joint administrators before Altec
acquired the trade and assets in an undisclosed deal which safeguards the jobs of two-thirds of the workforce.
observe Zanzibar as the prime market for entry into the East African market following talks with the island s second Vice-President, Ambassador Seif Ali Iddi.
is led by an experienced team and its major shareholder is Alastair Waite, who acquired a majority stake in the business from his father Ron, who founded the company.
Franco, Managing Partner of Infinity Group, owners of the Altec
The past 12 months have seen a number of significant milestones for Altec
, headquartered in Bowburn, as the company completes its 7,500sq ft extension, opened its third facility, in Sedgefield, and continues to take delivery of the new machine tools needed to keep pace with demand for CNC precision-machined components.
We know businesses find the event incredibly fruitful in terms of the leads they come away with; many go on to secure new business on the back of attending and that's exactly why Altec
has added its name to the line up.
has two new engineering apprentices starting in September, with another two to be idented for September start.