Cryogenics firm creates 20 new jobs
Oct 19 2007 by Iain Laing, The Journal
A CUTTING-edge company is expanding its business and targeting lucrative new markets for its special freezing flasks.
Washington-based Statebourne Cryogenics is the UK’s leading manufacturer of cryogenic vessels – vacuum flasks which are filled with liquid nitrogen and used to transport or store biological material or gases, such as human semen and embryos, at very low temperatures.
It is investing £360,000, which alongside a £100,000 grant from regional development agency One NorthEast, will help it expand and create 20 jobs.
The expansion will see it modernise and improve its plant, buying manufacturing equipment which can help it diversify the product range to include vessels for the cattle breeding market.
The company was founded in 1969 by Harry Haley, whose sons – Jim and David – now run the business.
Managing director Jim Haley said: “The improvements we have added will really help take the company forward, grow and become more competitive in the marketplace.
“We are delighted to have been awarded a Selective Finance for Investment (SFI) Grant of £100,000, which has helped us target the cattle breeding market that was previously out of reach.”
