Nixon plans £10m investment in hire fleet

Grant Prior 11 years ago

Plant and site equipment specialist Nixon Hire is planning to invest £10m in its fleet this year.

The investment comes after Nixon reported an increase in turnover of 16% for the year ending 31st December 2012.

Nixon will be spending £5m on new plant equipment, £3m on accommodation units and £2m on vehicles.

Graham Nixon, Joint Managing Director, said: “This investment is significant for Nixon Hire. We are experiencing a huge increase in demand from our customers for our products and of course, we want to be able to continue to meet this.

“The commitment to invest in our products and services is great news for the company, our supply chain and the 300 people we employ as it supports confidence for business growth and development.

“We consider capital expenditure projects very carefully and work hard to ensure that our exacting requirements are met by our suppliers. We don’t just look for the cheapest product – we ensure that the products deliver overall good value for money.”

So far this year, Nixon Hire have committed to orders worth over £3.7m to increase the numbers of welfare vans and compaction equipment available to hire and these new products will be in circulation by September 2013.

Nixon said: “Rollers are a good staple of a plant & tool hire business. The Bomag BW120 rollers which we have purchased have a very productive output as well as being reliable, modern and fully specified with the latest safety features.

“Welfare Vans are really changing the way our customers design their site operations. They include a canteen, toilet and drying facilities, providing a very flexible approach to short term site accommodation.

“With high specification equipment included, they offer a comfortable and cost effective solution for onsite facilities.

“The product we can offer customers is of excellent quality and is tough enough to stand the demands placed on hire equipment.

“The purchase of this equipment, with plans for further investment, means that Nixon Hire cannot not just meet current demand but also ensure that future enquiries can be accommodated.”

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