# Paragon Tools invests £450,000 in new machinery for precision tool manufacturing

Paragon Tools has invested £450,000 in a new CNC machine and automated surface grinder to speed up production and increase automation at its Hull facility.

- Type: Investment
- Announced: 2023-03-14
- Where: Hull, England, United Kingdom
- Value: $550K (450K GBP)
- Status: announced
- Products: precision tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Paragon Tools](https://endata.com/companies/69093.md)

## Sources

- [paragontoolmaking.com](https://www.paragontoolmaking.com/news/450000-investment-into-machinery-to-speed-up-production-and-increase-automation-on-factory-floor), 2023-03-14: "Paragon Tools has further invested into new high-tech machinery with a £450,000 spend set to speed up production and increase automation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.