A Corby firm that was only hours away from having a winding up order served on it has been praised for the turnaround in its fortunes.
Aluminium Shapes, one of only two privately owned aluminium extrusion companies in the UK, almost went out of business four years ago.
The town’s MP, Andy Sawford, praised the business during a recent tour of its plant.
Mr Sawford was given a full tour of the company’s Princewood Road facility.
Afterwoods he said: “This is a leading business, born in Corby, exporting across Europe and I’m proud to see it committing its long term future to the town.”
General manager Milburn Paterson said the business, which has been in existence for 25 years, was saved due to a passion for the industry, sound economic strategy and sheer hard work.
The firm has announced £300,000 of investment over Christmas to boost its ambitious growth plans, and hopes to add to the workforce.
Mr Paterson said: “A succession of people had tried to turn the company around and we faced some very tough trading conditions, but in the end, though we almost went out of business, an injection of venture capital and the hard work of everyone at the plant has turned us into a huge success story.
“We are a resurgent aluminium company in a town built on steel.”
The firm is working with Lodge Park Academy to highlight the engineering skills shortage in the area and to encourage youngsters to consider a career in the sector.