Following the British public’s decision to vote to leave the European Union, global cable manufacturer Tratos has reaffirmed its commitment to UK manufacturing.
Tratos’ £10m investment plans, which will create 40 new jobs, remain on course at its Knowsley factory in Merseyside.
Tratos, a company with a Pro Euro stance, had an unusual perspective on the UK Referendum – with one foot in mainland Europe – Italy – and the other in the UK, where some of its manufacturing bases are located.
Maurizio Bragagni, CEO of Tratos Ltd said: “This is a momentous day for the UK and Europe. The European Union map will be very different moving forward and we look forward to the challenges this may present. As a 50 year old family business, Tratos was an early adopter of a pan-European and now global view of the market place for our cable. The company remains fully committed to cable manufacturing in the UK, for us it is business as usual.”
Structural expansion work at Tratos’ Knowsley plant, completed late last year, has enabled the company’s Merseyside operation to grow four-fold and has seen turnover increase 50% in the past twelve months. An additional £4m will facilitate new machines to speed up and increase capacity for the UK’s second largest cable manufacturer.
As Tratos continues its exponential growth internationally, its UK business aims to achieve a turnover of £100 million by the end of 2018 which is an increase of £70 million over four years with further planned expansion into railways, medium/high voltage energy cables in the utility and oil and gas sectors.
Tratos is one of Europe’s largest independent cable manufacturers. Celebrating 50 years in business this year, the company has five manufacturing facilities in Italy and the UK and employs more than 400 people worldwide producing electrical, electronic and fibre optic cable solutions.