TMAT is to invest a third of a million pounds in tooling to meet record demand.
According to the manufacturer of acoustic components for tractors and excavators, a successful summer of sales has seen 15 projects – 10 supporting the agricultural sector; and five supporting the construction industry – come to fruition for TMAT simultaneously.
Cutting tools, fixtures, gauges, jigs, moulds and patterns of a specialised nature are limited in use to a specific production line or the performance of a specific contract or job unless substantially altered or modified.
TMAT MD Jason Lippitt said: ‘The investment has been to meet an immediate requirement and due to the record levels of interest and sales we’ve had over the summer.’
In July, TMAT’s six-month report revealed that its sales are up six per cent on this time last year – outstripping the one per cent improvement in sales across UK manufacturing as a whole – with gross profit up by 10 per cent.