Exports yield income

Otley-based Craftsmen Tools has achieved a £6m turnover, an increase of 30 per cent on its previous year, due to strong export sales. The company exports to Sweden, the US and Ireland. Key customers include Boeing and AO Smith Corporation.

Craftsmen Tools provides tool holding technology as well as supply chain services to the engineering sector. It also operates a satellite office in Chicago, which trades as Chevin Tools.

The operation is divided into five cells: Severn concentrates in tool holding products and rotating centres and 80 per cent of this business is exported. Aire focuses on sub-contract machinery, largely for the oil field sector. Delaware is responsible for work holding products while North is responsible for development work. Sulzer is permanently contracted to Leeds-based Sulzer Pumps UK.

Recently the employee count has increased to 56, including five apprentices and a dedicated member of staff for training. This is supported by an investment of £60,000, which includes a vertical machining centre and a CNC lathe, specifically for apprentices to begin training on.