British refrigeration manufacturer Precision has outlined plans to double its production capacity in the next two years as the company prepares to celebrate its tenth anniversary this month.
The expansion of the business will help to fulfil both domestic orders and international orders, with some 40% of the units it builds now going overseas. Sales to the Middle East have grown five-fold in the past year as the brand has won supply contracts for hotels and restaurants. Overall revenues have increased 30% in the past year, according to the firm.
Managing director, Nick Williams, says Precision has grown at an average of 25% each year since its launch, illustrating how far the company has come in the past decade.
“These last ten years have been an amazing success story – it just shows what a team working together can achieve,” he said. “From R&D through production to the sales force and our dealer network, we have a fabulous pool of expertise made up of dedicated, hardworking and creative people.”
That creativity has led to Precision developing some radical products that have captured the imagination of the foodservice market – none more so than its award-winning Retro Refrigeration range. Mixing 50s styling with the very latest technology, Retro has turned a restaurant’s refrigeration from kitchen workhorse to a talking point and a style feature.
“Our R&D department is working on new models to extend the range,” reveals Williams. “Retro was originally conceived as a one-off, but it’s generated a huge buzz of interest and, while it’s still a relatively small part of our overall business, we’re obviously looking to make the most of its success.”
The plans to expand production will mean the company will need to recruit more factory operatives, engineers and support staff over the coming months.