Dumper truck manufacturer eyeing growth with factory expansion
Warwickshire dumper truck firm Thwaites expects to see a 15% increase in its manufacturing capacity over coming years, once it completes work to expand its site in Cubbington.
The family-owned business is being supported in the work, earmarked for completion in summer 2025, with a funding package from HSBC.
The transformation of the site will include constructing a new 43,000 sq ft building, which will improve capacity, create better efficiencies and support its spare parts business and warehousing.
The funding will also support building a two-way road around the site and improved parking areas for employees, as well as motorbike sheds and bicycle parking.
Solar panels will also be installed and provide a third of the electricity used by the site.
"This funding provides us with the resources we need to keep our business growing," said Simon Hill, managing director at Thwaites Dumpers.
"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 supplied through a distribution network worldwide.