Energy firm defies Brexit woes with warehouse investment

Energy management specialist Hoppecke Industrial Batteries has signalled its commitment to doing business in the UK by signing a 15-year lease on its assembly and warehouse facility in Staffordshire.

Despite concerns about prospects for economic growth and the uncertain commercial landscape post-Brexit, the company says it’s “business as usual” as it re-affirms its commitment to the area.

“This move comes amid a period of stability that has seen Hoppecke’s UK subsidiary outperform the market across all areas of its business, with total revenue up by more than 36% over the past two years. It also provides clear reassurance both to Hoppecke’s customers and its workforce that the company intends to continue with the unique offering of battery assembly, sales, rental, refurbishment and servicing in the UK for the long term,” the company said.

Hoppecke’s regional managing director-Northern Europe, Jason Howlett, is upbeat about what the future holds.

He said: “Although we have to contend with strong price competition, volatile currency issues and the rising cost of lead, we’re committed to building our business in the UK and are taking proactive steps to position it to meet these challenges.

“Whatever the outcome of the Brexit negotiations, we intend to capitalise on our market reputation, quality product range and dedicated workforce to take full advantage of the growth potential in the UK, particularly in relation to energy storage.”

Despite ongoing pressure on margins in the mature motive power sector, Hoppecke UK said it is benefiting from the trend towards greater use of electric equipment.  Having registered its third year-on-year revenue increase, the business aims to build its market share through continued development of a multi-technology, multi-solution offering for OEMs and end users.

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