AROUND 200 manufacturing jobs will be brought to Portsmouth next year as an engineering plant moves to the city.
Rimor Limited, which is currently based in Forest Road, Denmead, is preparing to sign an agreement for a new site on brownfield land in north Portsmouth.
The company says it will take on 80 additional staff, with recruitment starting straight away.
Paul Mason, managing director of Rimor, said the company has decided to focus on subsea oil and gas as part of its long-term strategy.
He said: ‘Part of the strategy is to relocate all the business into one, purpose-built facility which will happen in quarter one next year.
‘It will be 70,000 sq ft, purpose build manufacturing space.
‘We are very excited and it is all positive in terms of our strategy. It will double our manufacturing space.
‘Everyone in business says people are their greatest asset but we are people-led.
‘We have 10 apprentices – almost 10 per cent of our workforce. We have just taken four on. Normally we recruit two apprentices each year.
‘Most of our workforce come from Southsea, Portsmouth and Havant areas so it is important that we relocate to keep the good people that we have working for us, plus tap into the local skilled labour market along the south coast to support the growth.’
Mr Mason and finance director Scott Bushby were supported by a private equity firm last June in a management buy-out of Rimor Limited.
The company offers a niche service, and the new strategy aims to boost what the firm is best at.
Ten people working on the welding and fabrication side of the business will leave the company by June, he said.
‘Another part of the strategy is to divest our converting business. We bought a business many years ago that focuses on paper and packaging products, which we have nurtured and grown,’ added Mr Mason.
‘It is not subsea and it is not our core business so the team that run that side of the business are buying it.’
Until the move, the three existing factories in Denmead and Waterlooville will remain open, with the planned centre in Portsmouth being the company’s fourth site.
All operations and staff will move to the new site in 2015.