Lincat has investment more than £1m into new manufacturing machinery and rearranged its factory to ensure it can keep pace with demand from buyers now that market conditions are improving.
A new fibre-optic laser cutter, robotic welder and press brake folding machine have been installed at its Lincoln-based headquarters and will be used to make stainless steel components for its range of over 610 items of commercial catering equipment.
The company has reorganised the factory to accommodate the new equipment and invested in a new sub-station to power it. It has also announced plans to create 12 new jobs this year to ensure it has the capacity to meet its targets.
Production director, Drew Elsigood, explains the investment is designed to support the ambitious growth targets it has in place for 2015.
“Sales, especially of our Opus 700 and Panther hot cupboard ranges, grew strongly in 2014, which put quite a strain on our systems and processes,” he said.
“The new equipment will help us to keep pace with growing demand, not just for our Lincat products but for our FriFri and Q90 ranges too. It will also help us to improve productivity, cut waste and drive quality even higher.”
Lincat, which is owned by the Middleby Corporation, grew turnover by 13% last year, which it says exceeded group targets. Profits were also above expectations.
Finance director, Jonathan Dove, said: “Our target for 2015 is to achieve double-digit sales growth and increase profitability, whilst keeping any rise in overheads to a minimum. It’s a significant challenge, but our investment in additional plant and equipment, means that we are well-placed to meet it.”