Transtherm Cooling Industries, the family run HVAC manufacturer, based in Coventry, has reported the best turnover in its 26-year history.
Transtherm Cooling Industries, the family run HVAC manufacturer, based in Coventry, has reported the best turnover in its 26-year history.
The company is enjoying an exceptionally strong year, has attracted new business and is predicting a 50% increase in turnover by April 2015. It matched its 2014-15 annual turnover in just eight months after the start of this financial year.
Transtherm has been able to expand so much because of improvement in its economies of scale - reducing costs, while maintaining quality – enabling it to compete with even the most aggressive pricing from foreign competition.
Its growth is expected to continue, thanks in part to the current domestic and international political drive towards halting climate change, and, because a large percentage of Transtherm’s products are installed at renewable energy plants and energy efficient data centres.
The company, which employs 32 staff, says it has also increased its product flexibility and technical offerings to position itself ahead of competitors, in terms of energy efficiency, green credentials and system integration – particularly with the Internet of Things.
Transtherm’s products are embedded with technology which allows them to communicate with other equipment wherever they are fitted. This delivers sustainability, cost efficiencies logiditical benefits to big buildings.
Sales director Tim Bound (pictured) said, “We have recently recruited excellent new talent into the sales and manufacturing team which has made it possible for us to sell and manufacture more equipment than ever before.
“Due to changes in government legislation we are seeing a big increase in cooling systems for the power generation market. We are also enjoying a much greater interest in our packaged products from the building consultant market due to their unique designs and simplified use.”
Major Transtherm projects scheduled for 2016 include the supply of cooling equipment for a huge data centre, work within the British automotive sector and support for UK STOR projects (short term operating reserves) helping to bolster the national grid and give additional reserves in the areas of the country that need them most.