Dumper truck manufacturer Thwaites Dumpers expands factory operations after securing funding package

Posted on 24 Oct 2024 by The Manufacturer

A Leamington Spa-based dumper truck manufacturer is set to expand its factory operations and improve its onsite facilities with the support of a funding package from HSBC UK.

Thwaites Dumpers will transform its current site in Cubbington by building an additional 43,000 sq. ft. building. The space will provide more facilities to improve its capacity, creating better efficiencies and supporting its spare parts business and warehousing for all aspects of the business.

The funding also supports the building of a two-way road around the site and improved parking areas for employees, as well as motorbike sheds and bicycle parking. Additionally, solar panels will be installed and provide a third of the electricity used by the site.

Following the completion of the work in summer 2025, Thwaites expects to see a 15 per cent increase in manufacturing capacity over the coming years

Simon Hill, Managing Director at Thwaites Dumpers, said: “This funding provides us with the resources we need to keep our business growing. It has been almost 50 years since we last developed our site, so these improvements are much needed. Our staff are excited to have a safer environment to work in and improved site facilities.

Thomas Lemaire, Relationship Director at HSBC UK, added: “Thwaites is a name synonymous with site dumpers in the UK and beyond, and have operated from the same 60-acre Warwickshire site since 1937. HSBC have been delighted to support a longstanding client with their expansion plans which will enable the next phase of growth and evolution. We look forward to seeing Thwaites’ redevelopment come to life over the next year.”

Thwaites Dumpers is a family-owned business dating back to 1937. It manufactures a range of dumper trucks that are supplied through a distribution network worldwide.

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