AN Ayrshire business helping manufacturers to reduce energy usage and improve workplace health has announced it is on target to achieve a 90% growth rate in the 12 months to June this year.
The growth trajectory by Compliance LEV, which specialises in Local Exhaust Ventilation (LEV), follows a similar performance in the year to June 2022, in which it increased revenues by 75%.
The rate of expansion has prompted the six-year-old firm to start work on a new factory to meet demand, which is expected to be ready this summer.
Growth has been catalysed by Compliance LEV’s development of an Oil Mist solution for CNC machines such as drills, lathes, mills and grinders which is said to cut power consumption by between 47% and 68%.
Founder Kevin Simmonds said, “The rocketing costs of energy, and the global threats to its availability over the past year, have focused everyone’s minds on security of energy supply as well as finding every possible avenue to reduce consumption. The enormous savings which we have demonstrated, and independently verified on more than 200 installations, have clearly caught the attention of the CNC sector and have driven unprecedented levels of new business our way.
“As a consequence, we are absolutely confident that the 90% growth rate will be achieved and that we will be able to continue serving a market which is rapidly expanding, driven by efficiency imperatives and new areas of enterprise.”
Oil Mist filtration captures the mist and fumes from metalworking fluids used as lubricants or coolants which otherwise could create a health hazard, coat machinery and damage the environment if released into the atmosphere.
Compliance LEV said its solution results in an 80% reduction in CNC machine downtime and a 90% reduction in filters which would otherwise be going to landfill.
