It now plans to create more skilled jobs following positive reporting on each of its business targets through 2016.
The buyout management team is responding to growth opportunities by increasing its workforce of 130 people by recruiting additional skilled engineers at both the Chessington headquarters and the Resolven production centre in South Wales.
As a result of the profitable first year, Mollart is also planning to issue bonus payments to the workforce.
Says sales director Ian Petitt: “This reflects the very positive input by the whole team to support the business with help given to improve efficiency, customer support and productivity as we take up the opportunities especially in overseas markets.”
He maintains: “Our export order book for deep hole drilling and special purpose machine tools is very strong throughout 2017 and with the appointment of a new agent in India, this has already opened new doors from which we are extremely confident will further strengthen our build programme into 2018.”
According to Chris Barker, director responsible for tooling operations, through the first quarter of 2017 increased activity in the supply of tools for grooving, forming and especially surface finishing through roller burnishing and higher performance deep hole drilling tooling looks certain to continue through the year.
He said: “Customers are responding to competitive pressures to improve productivity and machine tool utilisation while increasing machining consistency and quality.This is certainly paying-off through our application support.”
