Manufacturer marks milestone with £100,000 investment
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A Black Country manufacturer that supplies critical components to iconic London buildings, New Street Station, sport stadiums and the world’s power stations has made a major investment.
Hague Fasteners, which produces non-standard fasteners and bespoke bolts, turned 50 years-old last week and marked the big anniversary by investing more than £100,000 into a new three-axis CNC lathe to help it deliver more complex parts and increased capacity.
The machinery was commissioned at the start of the month and is already being used to deliver contracts for the oil and gas sector, with the company hoping the additional turnover will help it move towards its target of £2m sales by the end of the year.
It marks what has been the busiest period in the family-run firm’s recent history, with current managing director Jon Hague joined at the helm by his wife Claire and sons Jack, Tom and Max.
“My father John Hague started the business 50 years ago and back then it was founded on technical expertise, the same technical expertise that is still crucial today in helping us supply parts to more than 30 countries across the world,” said Jon, who joined Hague Fasteners straight from school in 1989.
“I think he’d be very proud that we have been able to withstand global recessions and the recent pandemic and the fact that the business now has the third generation of Hagues working here.”
He continued: “The family ethic extends to all members of our 16-strong workforce. They have been fantastic during Covid-19, allowing us to remain operational and ensuring we continued to provide critical fasteners and bolts to the NHS and for power stations all over the world.
“The new 3-axis CNC machine is a perfect way to celebrate five decades in business and puts a marker in the sand for the technology we are trying to embed into our future capabilities.”
Hague Fasteners moved to an 8500 sq ft factory on Monmer Close in Willenhall in 2017.