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Investment strengthens Pickersgill-Kaye's growth

Pickersgill-Kaye : 27 April, 2009  (Company News)
Pickersgill-Kaye reflects on the successes of 2008 and looks at the current year with similar optimism
After a successful 2008, Leeds engineering firm Pickersgill-Kaye is looking forward to building on its achievements with exciting plans in the pipeline for this year.

Achieving export sales in excess of £1million and hosting a government ministerial visit in August were two of the highlights of the last year. The company, which has been manufacturing locks for over 150 years, has recently diversified to add high security custodial locks to its impressive portfolio and a £300,000 investment in engineering equipment has increased capacity as it continues to win orders in the UK and overseas.

The company's production capacity was boosted last summer with investment of over £300,000 in new equipment which will help increase output as it continues to secure new business.

Their new vertical CNC machining centre offers increased performance and can be left to run unmanned for periods of time, freeing up staff to work on other jobs. Additional equipment has also been installed to boost production times, streamline processes and improve the quality of finish on components.

A number of high profile overseas orders were secured during the year, including supplying cell door locks to police stations in Malaysia as part of its government's plans to build up to 80 new facilities, and Pickersgill-Kaye is confident that additional orders will follow from this. The company also secured new business in the UK custodial sector for both its cell and perimeter locks and is already building on this success with new products and new contracts.

Pickersgill-Kaye's new gate lock range was launched in 2008. It is suitable for securing perimeter fencing of facilities such as chemical and power plants, gas terminals, utility company perimeters, military bases and other large areas which need to restrict and control access. Based on Pickersgill-Kaye's impressive Class 1 Cell Lock, the locks can be interfaced with existing access control systems and security devices such as CCTV. In addition, the Kaye locks provide significantly longer life as well as greater resistance to weather corrosion than anything else currently available on the market.

Pickersgill Kaye continues to grow in their core market winning orders in the rail sector from European companies including Siemens, Bombardier, Alstom, Irish Rail and CAF. In the USA and Canada, the company has signed deals for the manufacture of passenger alarm units and door locks for new locomotives and in Asia, companies such as Jiwon Tech and Rotem in Korea, Ocean Eagle Holdings in Hong Kong and Hitachi in Japan continue to specify Pickersgill-Kaye products.

In August, the company was selected by government ministers as the venue for a high profile visit to announce a major financial boost for the Yorkshire and Humber region - worth nearly £10million. Guests including the Chief Secretary of the Treasury Yvette Cooper and Rosie Winterton, Minister for Yorkshire and Humber, took part in the visit along with Tim Riordan, chief executive of Yorkshire Forward.

Visitors at two UK exhibitions were able to see Pickersgill-Kaye's products close up and were impressed by the quality of workmanship, increased functionality and durability offered. There were high levels of interest in both its custodial locks and new high security perimeter gate locks. The company will attend a number of specialist exhibitions this year where visitors can find out more about the product range and the company's latest developments.

Commenting on the past year, Pickersgill-Kaye's managing director Peter Murphy said: 'It was a significant year for our company. We celebrated the tenth anniversary of our MBO in the summer, we broke through the £1million barrier in export sales and we introduced another level of manufacturing technology in our CNC machining capabilities. Although, like most companies, we are affected by the current difficulties in the global economy we remain very positive about the future with strong product development programmes continuing to provide opportunities.'
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