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Penny Hydraulics expands

10. October 2017 | Comments (0)

UK loader crane manufacturer Penny Hydraulics has opened a new £2 million manufacturing facility at its site in Clowne, Derbyshire.

The new buildings include the main production facility, a warehouse and an office block. In addition to the new buildings, a series of improvements to existing facilities aimed at reducing the company’s carbon footprint have been carried out, including the installation of a new compressor, LED lights and solar panels.

Penny Hydraulics
(L-R) Tim Penny and Richard Short of Penny Hydraulics, guest speaker Sir David Walker, Robin Penny and Ashley Holmes of Penny Hydraulics

The company was provided with a 15 percent development grant towards the project costs, allowing the site development to start sooner than originally planned. The Invest To Grow grant focuses on growth, innovation and the creation of sustainable jobs in the East Midlands area and was administered by Derby University. Further grants included £15,000 from the Derby and Derbyshire Energy Efficiency scheme (D2EE) which enabled the company to install the low energy LED lighting throughout the plant.

Managing director Robin Penny said: “The £2 million investment in our site will support our future growth and therefore makes commercial sense in the long term. Importantly, many improvements that we have made will mean that our operation will make much less of an environmental impact too. It would have been difficult for the company to justify the expense of going 100 percent LED in one go. The grant has brought forward these valuable improvements – reducing overheads, improving the working environment for our staff and reducing emissions. A real win-win situation.”

Sir David Walker, former chairman of Barclays bank officially opened the new Southgate Building, named after Southgate Colliery which had previously occupied the site of the new facility.

Penny added: “Sir David Walker is a close friend and supporter of the business - he opened our original factory and office building over 20 years ago and we were honoured to have him here once again to officially open the new Southgate Building.”

Penny Hydraulics
Sir David Walker
APS Stock Sale

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