Partnership deal boosts engineers.
An engineering company is looking to boost turnover by 50pc after concluding a key partnership agreement.
Team Rewinds Ltd, which is based on Team Valley in Gateshead, specialises in repairing electric motors in hi-tech machinery.
The company, which was set up in 1983, currently turns over around pounds 1m a year and has clients including NestlA Rowntree, Philips and Dunlop.
In recent times, Team Rewinds has had to sub-contract some of its work to EDMR, a company based in Northampton, because its own equipment and facilities could not service the increasingly sophisticated motors at the heart of high-end robotic machinery being used in several North-East manufacturing centres.
But now the company has been chosen by EDMR as their chosen motor repair provider in the North-East, an agreement which will allow Team Rewinds to expand its client base and capabilities.
Hardev Matharoo, the company's founder and managing director, said: "This is an exciting time for the business.
"Not many people are carrying out these sort of repairs in the North-East at all so we will be one of the first up here to be able to do it."
Team Rewinds believes the enlarged scope the agreement will give the business will enable it to boost turnover by as much as 50pc over the next year.
It is also predicting an increase in the workforce at its Team Valley base, although precise numbers of extra staff have not been decided.
Team Rewinds is now targeting the main organisations in the region which use robotic manufacturing machinery, including Nissan, Myson Radiators, Egger UK and Alcan.
The company is holding an open day today to market its expanded service and bring in new clients.
Mr Matharoo said: "We are looking forward to the open day and people calling in to see what we can offer them."
Team Rewinds is also looking for expansion in other parts of its business.
Six years ago, the company opened a branch in Birmingham where it is aiming to add to its current 12-strong workforce.
Mr Matharoo said: "Business in Birmingham is picking up, so we are looking to employ more sales people and grow the business there.
"We are looking at expanding all the time."
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|Publication:||The Journal (Newcastle, England)|
|Date:||Apr 22, 2005|
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