TMAT to grow with £1.6 million investment

We have secured a funding package with HSBC worth £1.6m.

We work with some of the world’s biggest heavy plant manufacturers, including: Case, New Holland Tractors, JCB, Komatsu and Volvo Construction and employs more than 100 people.

Over the last three years we have seen rapid growth and confidence develop in the business and we are exporting our products all over the globe throughout Europe, Asia and the Americas.

The funding will enable TMAT to expand further into global markets and continue its product development plan, innovating new technologies specialising in Polyurethane Elastomer products.

Working with our clients we are able to design and develop bespoke applications that perform better and significantly reduce costs.

For the past two years Advent Partners has played a major role in supporting TMAT as key investors in the business.

Jason Lippitt, Managing Director at TMAT, said:

“Having grown by more than 25% in 2010 and recording record sales each quarter, it’s been quite a year for the company. We have secured new contracts that will ensure on-going growth over the forthcoming years. The partnership with HSBC underscores the bright future for us as a business and the manufacturing industry as a whole.”

TMAT shortlisted for awards

TMAT is pleased to announce that it has been shortlisted for three awards.

The Derbyshire Times Business awards:

Shortlisted for the Manufacturing Award and Business Personality of the Year Award.

TMAT had to demonstrate a modern and efficient approach to manufacturing, commitment to excellence, innovation in research and development, a track record of training and development and the desire to promote the area as a centre for manufacturing excellence.

TMAT entered Jason Lippitt for the Business Personality award and had to demonstrate how his leadership and commitment has made a quantifiable difference to the company.

TMAT was also shortlisted for the the EEF Manufacturing Award for Business Growth.

This award is given to companies which show significant growth in this difficult economic climate.

Watch this space for the results.

Manufacturing guru leads operations

David Delaney, Operations Manager, is part of the team that has built TMAT into one of the East Midlands’ most successful manufacturing operations, growing 30 per cent in the past year.

David has a long association with TMAT and its customer base, and in his new role, he oversees the key operational elements of the business with around 90 per cent of the workforce reporting to him.

The company, based in Chesterfield, works with some of the world’s biggest heavy plant manufacturers including: Case New Holland Tractors, JCB, and Volvo Construction. David Delaney says:

we’ve had a clear strategy for moving forward with the business and I’m enjoying the process. I’ve facilitated many changes across the business, especially the manufacturing facility. It is a much “leaner” shop floor and our operatives have been key in the decision making too. We are very proud of what we have achieved so far with further improvement plans to implement.

Jason Lippitt, MD said:

Too many business managers are prepared to use the economy as an excuse for performance to deteriorate but David is a vital part of a team that’s prepared to fight for new business. His ability to deliver high quality production alongside cost savings is a key component of our success