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Optimism from autumn statement

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Statements from the Chancellor of the Exchequer aren’t always cause for celebration, but this one has left us feeling cautiously optimistic. Chris Coxon, head of marketing at Eurocell, takes a view.

 

Wrapped up as the National Productivity Investment Fund – £23bn between 2017 and 2021 – chancellor Phillip Hammond’s autumn statement outlines investments in housing, transport, digital communications and R&D. Within that there’s a £2.3bn housing infrastructure fund, £1.4bn for affordable housing and £1.7m for accelerated construction to speed up house building on public land. This is obviously welcome because of the pressing issue of housing affordability.

If the Government can pump-prime supply then it would be hoped eventually that the improvements in meeting demand would reduce prices – at least at the ‘bottom’ end – and enable the next generation of home ownership.

 

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Chris Coxon
Lloyds' cash for Distinction

Barnsley based Distinction Doors has secured an £11.5m finance package from Lloyds Bank Commercial Banking.  Distinction Doors is planning to use the asset-based lending facility to help build stock for the next generation door product range which will be launching in 2017.

The new product range builds on the success of the company’s current core door range by introducing enhanced aesthetics and technical advances that speed up the fabrication process, helping its commercial customers to save time and money. Lloyds Bank also supported the business earlier this year when it bought a £120,000 CNC milling machine, used to create apertures for hardware and glazing cassettes in the composite doors to a customer specific requirement.

With a turnover of £42m, Distinction Doors is a leading supplier of composite doors in the UK and employs 112 people at its Barnsley site. In 2014, the company featured in the Sunday Times fast track 100 list.

   

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Double finalist

A business 36 years in the making, Everglade Windows has been named a finalist in the 2016 West London Business Awards in the manufacturing and engineering company and SME of the year categories.

“London is part of Everglade’s DNA,” said Jay Patel, sales director at Everglade. “Our business has been based in West London since we began in 1980 and now we have factory premises covering 65,000 sq ft in Perivale.

“As a London company born and bred, it’s a real honour to be a double finalist in these awards which recognise the achievements of companies across west London.”

This is the fourth year that the West London Business Awards have been held, to celebrate business excellence in the region. They are organised by West London Business, an organisation which represents hundreds of companies across the world with an interest in west London.

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Kombimatec orbits Planet

Kombimatec has supplied Planet Partitioning, the sister division of Planet Products Limited (PP) with  a DGS534 electronic doublemMitre saw and also an AMC602 machining centre. “Kombimatec came out as the preferred choice,” says Fraser Green, director of PP, "After shopping around looking for the best machinery available with good functionality and a solid support network at a reasonable cost we were impressed by Kombimatec. The ability to generate programmes for the CNC router from the office at the order entry stage so that it can then be run on the CNC simply by scanning a barcode is very impressive.”

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Rehau congratulates

Rehau is congratulating customers Sheffield Window Centre and Roseview Windows on their success at this year’s G-Awards.

Sheffield Window Centre was named Installer of the Year, while Roseview picked up the award for customer care initiative  for its new programme of installer training courses.

It was the fourth year in a row that a Rehau customer has won the installer of the year title, proof the company says that Rehau profile remains the fitter’s favourite.

Rehau’s marketing and technical director Gareth Jones says: “Both companies have been Rehau customers for many years and both are very deserving winnners

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No surprises for Origin

 

Ben Brocklesby, sales and marketing director at Origin on the autumn statement


Philip Hammond’s autumn statement had no real surprises for us and included everything that what we expected. Overall, it was a glass half full announcement, and those naysayers must remember that it could have been worse.

 

We are thrilled that the Government is going to provide funding to help deliver 100,000 new homes in high demand areas, and 40,000 extra affordable homes. This will give a major boost to our trade partners, especially those with ambition to grow locally. We would have hoped for a small caveat in the Statement that specified the work must done by UK businesses, but you can’t win them all.

It was also pleasing to hear support for UK businesses that export overseas, although we would have liked to have seen a little more. This support will allow us to move further afield and pitch for bigger contracts that previously seemed unattainable.

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Comment
The Editor writes
I have always said that, if you want to know how the window market is doing, look at the hardware sector. If fabricators are making windows then they need handles and hinges.The figures can't lie.
So one of the regular fixtures on the calendar at this time of year is the Roto Frank international press conference. It is tempting to think that the main attraction for the 100 odd journalists that turn up from across Europe, and this year China as well, is the exotic venues they
choose – last year Vienna – which included a trip into Hungary,
previously Venice, this year Berlin. Not that you get to see much of the
place, they keep you pretty busy.
The main attraction for me is the opportunity to find out what the world of windows is doing.And I mean world. Roto is an international
player and its reports cover just about every country in the world. It
also tells it like it is and is prepared to tell us 100 journos that it is unhappy with its performance; no gloss, no PR spin, this it how it is.
                                Read the rest...
T

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