A Black Country precision press tool designer and manufacturer says it is targeting £3 million turnover by 2025 after it completed a £1.1 million investment drive.
Aldridge-based Phoenix Tooling & Development, which supports customers in the automotive, construction, white goods, electric vehicle and medical sectors, has extended its long-standing relationship with Worcester Presses by purchasing a new press and full coil line.
The machine delivers the longest tool bed in Phoenix's history and enables it to build larger tools and work on complex projects.
