Truck maker gears up for factory expansion with new funding
A dumper truck manufacturer in Leamington Spa is set to expand its factory operations and onsite facilities with a funding package from HSBC UK.
Thwaites Dumpers plans to expand its Cubbington site by constructing an additional 43,000 sq ft building, hoping to increase capacity, improve efficiencies and support its spare parts and warehousing operations.
The funding will also facilitate the creation of a two-way road around the facility, improve employee parking, and include dedicated motorcycle and bicycle parking.
Solar panels will also be installed to supply one-third of the site’s electricity needs.
Once the project is completed in summer 2025, Thwaites anticipates a 15% boost in manufacturing capacity in the following years.
Simon Hill, managing director at Thwaites Dumpers, said: “This funding provides us with the resources we need to keep our business growing. It has been almost 50 years since we last developed our site, so these improvements are much needed. Our staff are excited to have a safer environment to work in and improved site facilities.
Thomas Lemaire, relationship director at HSBC UK, said: “Thwaites is a name synonymous with site dumpers in the UK and beyond, and have operated from the same 60-acre Warwickshire site since 1937. HSBC have been delighted to support a longstanding client with their expansion plans which will enable the next phase of growth and evolution. We look forward to seeing Thwaites’ redevelopment come to life over the next year.”
