Filtronic to relocate Sedgefield site to new purpose-built facility

Filtronic PLC announced on Friday it had signed a deal to relocate its Sedgefield site to a larger, purpose-built facility on the same business park in early 2025.

Filtronic is a Sedgefield, England-based designer and manufacturer of products for the aerospace, defence, telecoms infrastructure, and low earth orbit space markets. It will move its current Sedgefield site to a different facility at NetPark, Sedgefield, County Durham to enable a ‘significant’ expansion in both capability and capacity.

Filtronic said the investment was part of a broader strategy to enhance its position as a global designer and manufacturer of high-performance mmWave technologies. The new site will have advanced clean-room areas, engineering laboratories and testing facilities.

Chief Executive Officer Nat Edington said: ‘The increased manufacturing footprint and enhanced testing facilities in our new building is critical to the successful execution of our strategy. We have reached a point where we have outgrown our existing building and are excited to move to a new facility that is purpose-built and meets our needs to give us the flexibility we need to continue growing our business.’

Shares in Filtronic fell 0.5% to 76.60 pence each in London on Friday morning.

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.