Plant hire firm makes £12m investment
A Shropshire plant hire company has invested £12m in a deal with Redditch-based Marubeni-Komatsu for new plant machinery for its hire fleet.
Ridgway Rentals has placed an order of 130 new Komatsu machines, the order includes a mixture of excavators, bulldozers and loading shovels ranging from 2.5 to 50 tonnes.
“Our focus on this latest investment has been on updating our fleet with highly efficient, environmentally friendly equipment,” said company chairman,Tim Jones
Ridgway said it has seen demand for its plant hire services soar over recent years, especially to environmental agencies and in the waste and recycling industries.
Machines include super long front excavators with reaches up to 22 metres that come supplied with the CE certification and lifting charts that are necessary for environment agency work unlike other machines that have been altered after manufacture.
More specialist machines include loading shovels built to the specific requirements of waste and recycling sites including solid tyres, high tip buckets and fire suppression equipment.
“Supplying machines that match our customers exact requirements is vital for this industry with so many strict health & safety obligations to adhere to,” said managing director Stuart Jones.
Sarah Offland, Barclays Corporate Banking, relationship director, said: “We have been able to support Ridgway through rapid expansion over the last few years via a range of flexible funding options and asset finance lines. Ever evolving, we are now exploring a range of further “Green finance” options to support the company’s commitment to its strong environmental practices.”
