4th November 2015, 11:04amWe are delighted to announce that we have recently invested £400,000 in new board cutting machinery at our Durham manufacturing site, which has led to £3m worth of new contracts in October.
The new industrial saw can cut and label up to 20,000 panels per week on a single shift, allowing us to treble production capacity and shorten lead times, whilst minimising possibility for error. The new innovative piece of machinery will help us to accelerate our plans to target new clients, particularly in the commercial sector, and respond to demand for larger-scale jobs.
Our managing director, Neil Tweddle, said “Investing in this new machinery is an important step forward in our growth strategy and complements our existing methods, whilst bringing innovation to the manufacturing process. It has enabled us to immediately take on larger-scale jobs and as a result we have secured £3m worth of new contracts in the last month, which is fantastic news for the business.”
We have recently won major new contracts in competitive tender to supply and install a range of bedroom, lounge and dining furniture to newly constructed accommodation at various Ministry of Defence sites throughout the UK.
This latest investment is part of our long-term strategic plan to increase our turnover from £25m to £40m by 2020 and create new jobs as we target growth in the commercial sector.
We also recently announced our acquisition of a new distribution site at Belmont Industrial Estate in Durham, which is currently undergoing a six-figure refurbishment. The new premises will replace our existing distribution facility in Durham, and will double its space to accommodate our expanding operations.