XYZ Machine Tools boosted by record start to 2021
A recent CBI report indicated an increase in output across many sectors of manufacturing, a report backed up by the recent surge in demand for machine tools experienced by XYZ Machine Tools. The Devon-based machine tool manufacturer reported its highest order intake for 18 months in February, only for that figure to be exceeded in March. With the bulk of its extensive range held in stock, machine deliveries saw a similar increase, with over 30 machines being delivered in the last week of March alone.
“The last two months have been extremely encouraging and are confirmation of the positive conversations we have been having with customers since the end of 2020,” says Nigel Atherton, managing director, XYZ Machine Tools. “The increase in business has meant we have reinstated overtime in the factory and employed additional staff for machine assembly, with further recruitment in the pipeline.”
The first quarter of 2021 has proved to be very encouraging and, with the benefit of the Government’s Super Deduction incentive for capital equipment, along with additions to its machine range, XYZ Machine Tools is hopeful that this positive trend will continue to strengthen as 2021 progresses and Covid restrictions continue to recede. XYZ Machine Tools’ already extensive range is being added to with the arrival of new vertical machining centres and increased capacity turning centres, along with the company’s first sub-spindle turning centre the XYZ SS 65.