Sheet metal firm doubles turnover after making major machinery investment

Sheet metal firm doubles turnover after making major machinery investment

A County Durham sheet metal manufacturer has doubled its profits after investing in new machinery during the year.

Hydram Engineering Limited, which specialises in sheet metal fabrications, saw its operating profit soar from £797,000 to £1.6m during the year ending March 2017.

The firm, which is based at Chilton Industrial Estate , said the main cause of the profit boost was due to its investment in new machinery.

In the company accounts, managing director David Greatorex said: “This increase in profit can mainly be attributed to the significant investments in new automated equipment during the year. This has been supported by a well-trained and motivated workforce.

“The increase in sales was supported by growth from the existing portfolio of customers and new customers coming on stream.

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