The latest business boost has taken recent investment in Icon Plastics’ new premises at Durham Lane Industrial Estate to £1m

A Teesside plastics firm has invested £180,000 in state-of-the-art kit – and created new jobs – to grow its UK and overseas business.

The latest business boost by Eaglescliffe-based precision plastic injection moulding firm Icon Plastics has taken recent investment in its new premises at Durham Lane Industrial Estate to £1m. It’s also grown its 37-strong workforce by 15% since moving last year.

Icon’s products range from electronic ID tags for cows to casings for energy meters.

It develops new ideas and prototypes, as well as manufacturing products for sectors including electronics, agricultural, healthcare and medical, construction, defence and automotive.

The company, which is led by managing director Gareth Thomas and Operations Director Phil Walker, bought its current base for £500,000.

Since then it has invested a further £500,000 in equipping and refurbishing what were derelict premises.

The latest injection moulding machine will allow the firm to mould components and products up to 3.5 kilos in weight.

Mr Thomas said: “This latest investment is a milestone for Icon.

“The installation of this state-of-the-art equipment will enable Icon to offer an even bigger range of high quality moulded products to existing and new customers, which will help the company continue to grow.”

The company’s operations are based on a two-acre site at Durham Lane Industrial Park, which gives the company potential for further expansion.

Mr Walker said: “We have invested substantially to totally transform what was a derelict site. We chose this location because it has the capacity to allow the company to grow as we expand our product and customer base.

Operating 24 hours five days a week, Icon, which has 20 moulding machines, is experiencing growth across a range of sectors, in particular in electronics and LED lighting components.

While Icon’s marketplace is predominantly the UK, it does some business overseas, and exports to Malaysia, Austria, and Eastern Europe. Its clients include Veolia group, Sepura and Net Things.