Texkimp (Cheshire, U.K.) reported on Sept. 19 that it has merged with Web Processing to create a new UK-based business to provide complete downstream machinery solutions to the international performance fiber market. The new company will be called Cygnet Tex-Web.
The merger is expected to bring £50 million of manufacturing projects to the UK in the next five years, with more than 95 percent of solutions destined for global export. Projects previously subcontracted overseas by Web Processing will now be completed at Cygnet Tex-Web’s state-of-the-art design, assembly and machinery testing facility in Northwich, Cheshire.
“Acquiring Web Processing has taken our process expertise down-line and enabled us to expand the services we can offer,” says Mark Smith, commercial director of Cygnet Tex-Web, who was appointed to lead the merger following a 22-year career with textile machinery company Karl Mayer.
“Texkimp is a highly reputable name in the international fibere and fabric processing industry and a great ambassador for British engineering and manufacturing. More than 95 percent of the machines we manufacture are delivered overseas to some of the most prolific businesses in the world and we intend to replicate this success to drive growth across the whole of the Cygnet Tex-Web business," says Smith. “With the right design and manufacturing expertise, potential business opportunities for our prepreg, coating and laminating machinery division are considerable.
He adds, “Using our established in-house engineering capabilities, space and facilities, we plan to double this size of the business in the next three years while protecting our strength as a niche provider of bespoke engineering solutions and maintaining a flexible, partnership approach to business.”