Chapel-en-le-frith, United Kingdom (PressExposure) July 31, 2014 -- Industrial crane and hoist manufacturer, Street Crane Company, has won a place in the Sunday Times/HSBC Fast Track Awards for outstanding growth in export sales. The company has achieved an average annual growth rate in export sales of 33.4 per cent over the last two years. Exports of £19M in the last full financial year represent 67 per cent of their £28.2M turnover.
Chairman, Martin Street noted, "This is a real tribute to the hard work of everyone in the company. Our team strives to give our customers the best service we can. It is reassuring to be recognised for this by such a prestigious external body as the Sunday Times HSBC Fast Track Awards."
Street Crane is, by a considerable margin, the UK's largest factory crane and hoist producer, serving all branches of UK industry and supplying hoists and crane components to other crane builders overseas. "Exporting was initiated as a response to the contraction of core manufacturing sectors in the UK. Re-orientating the business to focus on overseas markets has been very successful for us because it has also energised the UK business," explained Street's managing director, Andrew Pimblett. "We invested heavily to create the ZX electric wire rope hoist, a highly adaptable and robust range of hoists that meets the needs of crane applications up to 80 tonnes. This gave us the product to lead export sales and the volume and scale economies to be more competitive in our home market."
The company is soon to open a new factory, adjoining the Chapel-en-le-Frith site, that will double hoist production. With a network of over 80 re-sellers the company has representation in every developed industrial market in the world. The company operates in partnership with other national and regional crane makers sharing its crane expertise with local manufacturers who have local business and market knowledge.
Andrew Pimblett added, "We are not just a hoist and crane component seller, but provide our trade partners with a full support package, tailored to their needs. This can include training - either here or in their own country, bespoke software for structural design and costing, support from regionally based managers in key markets and a programme of active product support and development."
The High Peak factory produces around 400 complete cranes per year. These are mostly for the home market. Current wire rope hoist production is about 2,500 wire rope hoist units per year, with the majority of these units going to overseas crane builders. Street is also a supplier of electric chain hoists. Approximately £3 million has been invested in building the new hoist works to double hoist production capacity.
Street Crane has a team of 170 staff of whom over 10 per cent work in research and development. The company engineer cranes to meet the needs of all types of industry, from primary material producers such as steel, aluminium and glass to aerospace, automotive, rail, marine, offshore and engineering.
Sister company, Street Crane Express (SCX) - meets aftermarket requirements for service and spares for Street's cranes and hoists. This company also engineer special lifting equipment, for use in theatres and studios for example. The moving roof at Wimbledon was engineered by SCX.
Chris Lindley-Smith, Tel. +44 (0)1298 812456 Fax. +44 (0)1298 814 945
Street Crane Company, Chapel-en-le-Frith, High Peak, SK23 0PH, UK
Images are on the web at http://www.ainsmag.co.uk/st165/5297st1a-sundaytimes-hsbc-fasttrack.htm