Based on Walker Riverside in Newcastle, Houghton International is currently in the process of expanding and has received a £200,000 Job Creation grant from One North East. It has recently acquired a second 10,000sq ft storage and production unit near its Walker base which will support doubling production for its rail traction motor repairs business and also enable the company to offer a unique proposition into Tyneside’s emerging renewable energy market.
Michael Mitten, managing director, said: “We’ve had two record years of sales growth and our turnover is set to break the £3million mark this year, with aspirations to grow to £5million in the next two years.”
“While we’re realistic about the current economy, we’re optimistic about our future as our board set a clear strategy some years ago to reduce our risk exposure to economic cycles. We’ve continued to grow steadily and our core strategy has seen us outperform other companies in our sector.”
Much of Houghton International’
Michael Mitten continued: “We are seeing an opportunity to take business to a whole new level. Our success to date has been down to developing a cracking team of dedicated people who have focused on our customers’ needs, and delivered what they wanted. “
“Our strategy has been based around forming partnerships with our customers that promote mutual benefit. To this end, we’ve been able to quantify the value we add meaning lots of our customers have asked us to take on more and we’ve made the business scalable by controlling processes and educating our people. We’ve also established new sales channels in North America and the Middle East and are in advanced discussions in India and South East Asia, which gives us a foot in the door to some interesting markets.”
“Houghton International is delighted to be celebrating its 25 year Silver Anniversary this year and to be creating new jobs for the region. The next year is going to be a very exciting one for us and we look forward to our expansion and turnover increasing further.”
Houghton International was originally founded in 1984 in Houghton-le-
It is the UK’s fastest growing, most customer focused electric motor and alternator repair company, servicing the rail, wind power, offshore oil and gas, industrial, water, power generation, marine, mining and High Voltage coil manufacturing sectors.
