The two divisions now account for a floor area of 5,000 ft2, or 25% of the overall factory space at the company's Tamworth site. What this means for the customer is that ITC will have over 20,000 cutting tool products in stock at any one time (amounting to a value of £3 million).
Commenting upon the increased capacity, ITC's managing director Peter Graves says: "The ongoing company expansion will see our production capacity more than double over the next few years.” He adds that the company’s representation of cutting tools and toolholders from Widia, Big Kaiser and Micro 100 is being well-received.
Graves also says: "To facilitate the uptake in demand for these new product lines as well as our increased production rates, we have expanded our workforce. So, our stockholding and inventory management is the next natural step. Holding more extensive product lines will give us greater market penetration whilst enabling us to expand our 'next day' delivery capability.”