XYZ’s UK order book increased by more than 23% from May to December 2017. In addition, orders from the rest of Europe grew by 19%, indicating that the business optimism is not just restricted to the UK.
Comments XYZ MD Nigel Atherton: “The effect of the exchange rate has been a double-edged sword with UK manufacturers benefitting through increased exports, this is reflected in their willingness to invest in new capital equipment to meet increased demand. The counter to this, is that import costs, including machine tools, have risen.
“At XYZ we have adapted to this by improving our offering to customers. An example of which is the LR series of vertical machining centres, which offer an excellent price/performance ratio, as does the UMC-5X five-axis machine, both of which are opening new opportunities for us.
“2017 ended very strongly for XYZ Machine Tools and, with the new machine developments already announced, along with several other exciting introductions that will be unveiled at MACH, we are looking forward to 2018 continuing the positive trend. The positive results have also meant that we can invest in the business, bringing in additional people to further enhance the service that we provide to customers.”
