Erlson Precision Components invested in a new 5X building at its Precision Investment Castings site in Altrincham, Cheshire, which began compressor wheel production about nine months later. The group plans to expand capacity further in 2020.

European Springs & Pressings, a Lesjöfors company, bought a new site of about 2,000 square metres in Penryn, Cornwall, to serve its industrial spring business. It is planned to be fully operational from Q4 2018 with over 20 staff.

Northumberland-based Avid Technology won six new contracts worth a total of £50 million a year with international automotive firms, including a supercar maker, a tier one supplier and OEMs, for electric and hybrid powertrain systems.

Cramlington-based AVID Technology has secured part of a £20.8m R&D project with Jaguar Land Rover and five other partners, backed by the Advanced Propulsion Centre, to develop hybrid electric vehicle electronics and componentry.

Federal-Mogul Powertrain completed the acquisition of UK-based Controlled Power Technologies, a developer of 12V and 48V electric motor generators for hybridisation and electrification. The unit will operate as Federal-Mogul Controlled Power; financial terms were not disclosed.

ElringKlinger (GB) invested almost GBP1.5m in a six-year project worth about GBP5m to produce two components for Ford's latest engines from 2018, creating up to 20 jobs at its Redcar plant.