Tanfield Group PLC
01 February 2007
Tanfield Group PLC
('Tanfield' or 'the Group')
Trading Update
UpRight Powered Access Appoints New Strategic Distributors,
Weekly Order Intake Exceeds 14 million Euros
The Directors of Tanfield are delighted to announce that Tanfield's flagship
powered access brand, UpRight Powered Access, has over the past five working
days successfully secured orders for over 1,200 aerial work platforms, with a
total value in excess of 14 million Euros.
The orders have been secured from a number of existing UpRight distributors,
together with several new UpRight distributors, recently appointed by the Group
in key strategic territories in the Middle East, Eastern Europe and Northern
Europe.
Tanfield will deliver the machines via a staged build programme across the
calendar year 2007.
The Group remains on schedule to double output to 100 UpRight machines per week
by the end of February. Tanfield has ordered a larger, third crane line for the
Group's 250,000sq ft UK assembly facility, Vigo Centre, which will further
significantly increase capacity.
Darren Kell, Chief Executive, said: 'We continue to benefit from our strategy to
build a sophisticated global network of high quality, full service UpRight
distributors. As this network grows in strength, we expect substantial increases
in volume sales.
'The extra production capacity created by installing our third assembly line at
Vigo Centre means that we can comfortably satisfy this large order, while
simultaneously increasing machine availability for our wider customer base.
'From practically a standing start seven months ago, we have now firmly
established UpRight Powered Access as the UK's largest manufacturer of
self-propelled aerial work platforms and a leading brand in the global access
marketplace.'
Enquiries:
Darren Kell, Chief Executive,
The Tanfield Group Plc
Tel. 0845 1557 755
Tom Jenkins
Daniel Stewart & Company Plc
Tel. 020 7776 6550
Media Enquiries:
Dan Jenkins
The Tanfield Group Plc
Tel. 0845 1557 755
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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