The precision engineering firm aims to do so by expanding its oil and gas, rail, defence and fast-moving consumer goods presence – as well as diversifying into renewables.
The announcement comes after the debut of a £2 million investment programme to take on new equipment and technology to offer top engineering and machining capabilities to critical industries.
The firm added that its diversification is bolstered by the appointment of John Houston as business development manager to spearhead its aerospace, defence and renewables offering. He is described as bringing in-depth experience in aerospace and defence engineering, having held a number of senior operations and customer delivery roles.
KRG chief executive Gerry Hughes said: “As global economies look to infrastructure and other critical industries to build back better, we can play a vital role in ensuring robust, reliable components. In these industries, the integrity of a single part can lead to downtime, which significantly impacts the entire operation. Every engineered element is essential, and we have the knowledge and expertise to manufacture tailored solutions that will create value for businesses.”
The family firm, which was founded in the 1970s, was previously part of controls technology provider Proserv, and is now backed by Gil Investments. KRG also owns a 20,000-square-metre state-of-the-art facility in Coatbridge, has more than 90 staff in Scotland, and has delivered projects in Europe, the Americas and Asia Pacific.