Family-run engineering company Tees Components has celebrated another increase in turnover after investing more than £2.5m in equipment over the last two years.
The 50-year-old firm, which has sites at North Skelton and Lingdale, has increased turnover by around £500,000 for the last two consecutive years – jumping to £5.5m at the end of 2014.
Tees Components, which employs 75 people, last year secured a prestigious million-pound contract to supply a ground-breaking Korean oceanographic research ship, designing a thruster for Korea’s first large-scale vessel of its kind.
It was a joint venture by the country’s Ministry of Oceans and Fisheries, the Korea Institute of Ocean Science and Technology and STX Offshore and Shipbuilding.
The company’s record turnover year came just 12 months after celebrating its 50th birthday, and General Manager Sharon Lane (pictured) says the Tees Components success story is testament to its staff.
“We have a highly-skilled and very dedicated workforce,” she said, proudly.
“Their level of engineering skills means we can take on projects for customers which are technically advanced.
“And that’s why we win work from all over the world, because we have the skills and the capabilities that some of our competitors don’t.”
Tees Components’ core business is heavy CNC machining, providing precision machining services to wide a range of industries across the UK including power generation, marine, mining, metal products, process and defence.
Its factories, which operates day and night shifts, are capable of handling up to 50 tonnes, while the company exports 50% of sales and also works closely with UKTI, taking part in trade missions and overseas exhibitions to showcase their products.
Sharon adds: “Our marine product, the Tees White Gill Thruster, was designed and manufactured completely in-house. It’s a pump-jet thruster providing accurate manoeuvrability through 360 degrees.
“It has now been fitted to over 150 ships worldwide, including military, while our team of mechanical and electrical engineers support the product by attending shipyards for maintenance.”
Tees Components won a Region Growth Fund Grant in 2014, aiding additional capital investment – the firm has ploughed £2.5m into new equipment and research in the last two years.
That included a large Dorries vertical machining centre, which now boasts a full order book, and a Faro 3D laser measurement equipment, enabling precise measuring of very large fabrications.
The company also invested in a new Demmeler CNC rotary table, capable of loading up to 130 tonnes.
And its record of recruiting and retaining staff is second-to-none.
Sharon adds: “We have a successful apprenticeship scheme with a 100% retention record. We currently have 10 apprentices in our machine shop, electrical, and maintenance.
“We strongly believe that employing young people and apprentices has been a key factor in not only surviving the recession, but thriving in it.
“Teesside has a long history of engineering excellence, and we want to make sure that continues, not just for the benefit of Tees Components, but also for the whole if Teesside generally.
“That’s why we work closely with local schools and colleges, providing work experience placements to young people interested in engineering and taking part in careers events.
“We get young people who come to see us with their school aged 13 or 14, they will join us as an Apprentice aged 16 or 17 and stay with us for many, many years.
“We’re absolutely committed to working with other organisations to preserve our industrial heritage on Teesside, and maintain and build on our excellent engineering capability.”
Tees Components is currently recruiting new positions, which have been created from recent growth, including CNC machine operators, fitters and maintenance engineers.
• For more information about Tees Components, call 01287 650621, email email@example.com or go to www.teescomponents.co.uk