Oxford engineering company to launch £12m research facility and create 160 jobs

Oxford-based Polar Technology Management Group is opening a state-of-the-art research and development facility in Eynsham. The £12m project has been supported with £5.1m funding from HSBC and £1.99m from the Regional Growth Fund.

The site will develop and manufacture high tech engineered components for market sectors, including aerospace & defence, motorsport, automotive, energy and clean processing industries. These components include exhaust & high temperature ducting systems, complex manifold assemblies, heat shields and thermal protection, suspension systems, pressure vessels, torsion shafts and moulded composite parts for structural high end applications.

“With the launch of the project we’ll be recruiting 160 new employees to invent, design and manufacture sophisticated component solutions from composite materials for our customers,” said Scott Roberts, chairman of Polar Technology Management Group. “Our techniques will produce stronger, lighter and more efficient engineering structures, which will be used in industry sectors across the globe.”