Firm expands with £4m investment (From Prestwich and Whitefield Guide)

Firm expands with £4m investment

6:30am Monday 8th February 2010

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A THRIVING Radcliffe company is making a £4million investment to help meet demand for its award-winning safety flooring product.

The spending is centred on James Halstead’s production plant at Radcliffe New Road in neighbouring Whitefield.

Bosses at the commercial floor manufacturers and distributors say the expenditure will finance the upgrading of its plant to increase productivity and capacity.

Mr Gordon Oliver, finance director of the Hollinhurst Road firm, said: “The investment is to our polytred division which makes the safety flooring products branded Polysafe. This was the product group that won the Queen’s Award for Innovation a couple of years ago. With demand growth, we need to upgrade the line to add capacity. It will take several months to build parts of the plant but it is being undertaking as of now.”

He added: “The final installation will await the summer shutdown when we need time to install. This installation could take at least a couple of weeks.”

News of the investment co-incided with an upbeat trading update released by Halstead’s ahead of its interim results for the six months to December 31 to be disclosed in March.

Mr Oliver added: “The last few years of raw material inflation and increased energy costs have made UK manufacturing harder for everyone, not just ourselves.

“But with Sterling at low levels, our strong export sales are holding us in good stead. “

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