New Era for Hobbs Valve
With an ever increasing international demand for the companies TVT range of Triple Offset Butterfly Valve Products, the need had come to increase the production facility by a further 30,000 square feet. Moving into this facility during October has seen their capacity to manufacture Triple Offset Butterfly Valves increase by a substantial 300%.
Hobbs Valve expect to enhance this new facility by equipping it with extra testing capabilities during the first quarter of next year capable of testing large diameter bore cryogenic Triple Offset Butterfly Valves in readiness for the increase in demand.
This new facility will also house the newly acquired Precision Engineering Company purchased this year offering the company greater control over its supply chain capabilities and capacity. Managing Director Rhys Jones suggested suppliers have seen a consistent increase in demand for materials and components and have had difficulties in keeping up with the speed to which the organisation has grown. It is believed that through this expansion and the acquisition of the Precision Engineering Company, Hobbs Valve will be able to buffer the growth in demand placed on its suppliers whilst ensuring the organisation can continue to enhance its international market share through servicing larger orders.
Year on year Hobbs Valve has consistently seen on average an increase in turnover of 25% and this year is no exception. Chairman Alun Hobbs stated, “Year on year growth offers challenges along with rewards to the business and I am confident that the Hobbs team can service customer needs as we continue to enhance our performance in line with our continuous improvement programmes.”
The expansion of the business has already seen a further 10 members added to the team right across the company and with this forever expanding team Hobbs Valve are predicting to continue increasing turnover.
Business Minister Edwina Hart stated: “It is really pleasing to hear of businesses like Hobbs Valve being able to expand and create jobs through Welsh Government support. It is vitally important that companies have access to finance to take advantage of market opportunities as they arise.” Hobbs Valve Tel: 029 2086 1099 www.hobbsvalve.com
Published in Valve User Magazine Issue 23
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