UK – The Coventry-based manufacturer of high-specification car interiors has secured £1.1m of funding to purchase new plant and tooling equipment to cater to increased demand from its clients.
As well as enabling KJ Ryan (KJR) to buy new equipment, the funding will provide additional working capital to increase the company’s turnover by 50% over the next three to four years. The parts manufacturer says it has enjoyed strong growth over the past eight years and is currently experiencing record sales.
Established in 2007, KRJ supplies components both directly to vehicle-makers and to companies such as Magna and Lear Corporation. Key customers include Bentley, McLaren, Jaguar, Land Rover and Toyota.