SYIF supports PMS Diecasting

Rotherham based PMS Diecasting has received two loans from South Yorkshire Investment Fund (SYIF) to modernise their production processes.

The company won a new contract to manufacture die-cast zinc components and needed to step up their production capabilities to meet increasing market demand.

With the new contract in place, the metal casting specialist used the initial £100,000 loan from SYIF in July 2006 to purchase the machinery required to produce 27 million wire tensioning and joining components, increasing to 35 million in 2008.

PMS Diecasting received an additional £50,000 in September 2007 as the company looked to expand their operations. The loan was used to provide the necessary technology for PMS to produce castings for the window fitting’s market.

Gordon Panter, managing director at PMS Diecasting, said: ‘The SYIF funding has enabled us to step up production on a considerable scale. We now have cutting edge machinery producing eight components at a time instead of four, which was the maximum on our other machines.