Bondholder Tidyco have made their largest capital investment of £150,000 in state of the art tube bending machinery and measuring equipment.
Tidyco are a family-owned and run supplier of hydraulic and pneumatic products to the UK rail industry. Supported by fellow Bondholder University of Derby they have invested in new equipment which will allow them to manufacture and supply additional product offerings to both existing and new customers. The new equipment was launched by Mayor of Derby Cllr John Whitby.
Tidyco were supported by University's Invest to Grow programme which is designed to support private sector businesses, predominantly in the form of loan funding, to grow and create jobs.
This further expansion project comes hot on the heels of the expansion of its warehousing, inventory and goods outwards section of its Derby premises in April 2017 which created 7 new jobs last year.
Earlier this year Tidyco announced that its export sales had grown by 94% in a six month period (August – February). This was following an increased focus on e-commerce and development of its online platform.
Phil Mason, Production Director for Tidyco said: “As a business, Tidyco is committed to a long-term growth strategy whereby continuing investment in additional manufacturing equipment forms part of company critical success factors. The manufacturing expansion further bolsters opportunities regarding new market penetration.”
Tidyco also continues to invest in its staff and has recently promoted Mark Newman to Director status for its emergency hydraulic hose replacement division. Additionally, Christopher Frain has recently enjoyed a deserved promotion to the position of Technical Account Manager.