TIP Trailers to invest £19m

GLOBAL trailer firm TIP Trailer Services is to invest £19m in its UK fleet.

The group, which has its UK headquarters in Manchester, said it plans to add 900 new trailers.

The company was acquired by the China-based HNA Group last year.

Commercial director Mike Furnival said: “The majority of the trailers being purchased will go towards satisfying the growth of new TIP business here in the UK.

“The UK customer base is asking for newer trailers as part of our extensive product offering and it is really positive that we are able to announce this investment which will enable us to service this requirement and grow our market share.”

In the UK, TIP owns and manages over 14,000 trailers through its trailer rental and services business.