Diffusion Alloys expands in Teesport
Industrial company Diffusion Alloys has opted for another long-term lease at Teesport Commerce Park, allowing for the construction of a new GBP 1.5 million (EUR 1.8 million) coating facility.
Diffusion Alloys, which specialises in diffusion coatings for large components, has occupied its current site at Teesport Commerce Park for over eighteen years and now, thanks to the second lease, is accelerating plans to build a new 2,500 sqm warehouse.
This follows recent news that PD Ports has secured an agreement with Strabag to let a 26,000 sqm unit within its site at Hartlepool. PD Ports, owner and operator of Teesport, directly invested over GBP 17 million (EUR 20.2 million) in infrastructure and developments in the Tees Valley during 2020.