Six-figure investment to help drive growth at machine manufacturer
Halifax Numerical Controls (HNC), a designer and maker of rubber roller grinding and grooving machines has secured a six-figure loan from Finance For Enterprise (FFE) based in Doncaster.
The company was formed in 1998 and continues to serve clients throughout the UK and worldwide from its own UK workshop premises in Halifax.
The funding is designed to aid working capital and future growth for the business which makes manufacturing machines to order all around the world.
Demand for HNC to solve manufacturers challenges and build machine solutions to order in established markets such as Germany, USA, Indonesia and occasionally Australia is very high.
Current large project orders in progress include two for Mid-West Innovators in the USA and two for Hilzinger in Germany, and a third machine that is currently being built in Taiwan which will be shipped and commissioned in the USA.
In addition, HNC has seen high demand for its machine from the renewable energy sector.
Its machines are used for the grinding of the high voltage electrical connectors, used to connect solar and wind farms to the grid. HNC says it sees this as a growth sectors and hopes to increase sales in this area.
Managing director, Mike Diskin, said: “This investment will help us to continue innovating and transforming the roll production industry.
“Expanding the use of fully automatic machining of rolls means we can help manufacturers deliver a higher level of quality and consistency that is not dependent on operator skill.
“Our range of automatic roll Builders, Grinders, Groovers, and Duplexer designs are the most advanced machines of their type in the world, and we are looking forward to future growth and the employment opportunities this will create locally.”
Jeremy Meadowcroft, business lending manager from FFE, added: “HNC is a well-established, profitable business with an excellent reputation across the world.
“This additional working capital will fund organic growth and enable the company to fulfil the many contract orders in progress whilst also securing new projects and consultancy assignments.”
HNC has also been approached by the Yorkshire Innovation team to work with Huddersfield University’s 3M Buckley Innovation Suite specialists to develop a Roll Measuring Machine. It has been awarded a £450,000 grant to develop the machine.
