West Midlands manufacturer secures £8m order boost from US subsidiary

A US subsidiary of West Midlands-based tube manipulation group has secured a five-year deal said to be worth almost £8m to the business.

Franklin Tubular Products, which is part of Tricorn’s Transportation Division, has secured the long-term supply agreement with one of its key strategic customers. The agreement, which is initially for five years, is expected to generate around $9.6m (£7.74m) of revenue from current products.
 
David Leakey, sales director of Tricorn, said: “This is an important customer for us and I am delighted we have been able to secure this level of business going forward. It provides a solid platform from which to build and reflects the group’s growing reputation for outstanding operational performance.”

Headquartered in Malvern, Tricorn employs around 300 people worldwide and has four manufacturing facilities in China, the United States and the UK, including West Bromwich.

It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.  
 
The group, which manufactures and manipulates pipe and tubing assemblies to niche markets in the Energy and Transportation sectors, will announce its latest interim results on December 7.