Following a record year, Lincat invests more than £1M in new equipment
Following its most successful year to date, Lincat, the UK’s leading manufacturer of commercial catering equipment, has invested more than £1M in state-of-the-art manufacturing equipment to support its growth plans for 2015.
The new equipment, a fibre-optic laser cutter, robotic welder and a press brake folding machine, will be used at the company’s dedicated manufacturing facilities in Lincoln to make stainless steel components for its range of over 610 items of commercial catering equipment.
The investment will enable Lincat to keep pace with steeply rising demand and ensure that it will be able to achieve its ambitious growth targets for 2015, as Production Director, Drew Elsigood, explains.
“Sales, especially of our Opus 700 and Panther hot cupboard ranges, grew strongly in 2014, which put quite a strain on our systems and processes. The new equipment will help us to keep pace with growing demand, not just for our Lincat products but for our FriFri and Q90 ranges too. It will also help us to improve productivity, cut waste and drive quality even higher.
“We have had to rearrange the factory to accommodate the new equipment and invest in a new sub-station to power it. It’s great news too that we plan to create 12 new jobs during the course of the year to ensure that we have the capacity to meet our targets.”
Finance Director, Jonathan Dove, comments:
“Our performance for 2014 was excellent and exceeded group targets for turnover and profit. Turnover was up 13 per cent on the previous year, with a corresponding increase in profitability.
“Our target for 2015 is to achieve double-digit sales growth and increase profitability, whilst keeping any rise in overheads to a minimum. It’s a significant challenge, but our investment in additional plant and equipment, means that we are well placed to meet it.”