Elta Fans is typical of East Midlands, West Midlands and Southwest manufacturers who registered the highest increase in exporting activity in the first quarter of 2015, according to a recent report from the British Chambers of Commerce and DHL Express, covered by the FinancialTimes.
In spite of the rise in the pound against the euro over recent months, half the 2,300 manufacturing companies interviewed in this survey said they had increased export orders in the first quarter of the year, compared with 36% the previous quarter.
44% had increased their labour force and 84% of these new jobs were full-time positions, up from 61% in the fourth quarter of 2014. Read on: http://www.britishchambers.org.uk/press-office/press-releases/manufacturing-exporters-buck-the-trend-despite-exchange-rate-challenges,-says-bcc-and-dhl-quarterly-export-confidence-tracker.html
The UK’s trade deficit
John Longworth, director-general of the BCC, referred to hopes of real progress towards eliminating the UK’s trade deficit – and some would prefer to see this addressed by judicious import substitution, which would also increase employment opportunities.
Many West Midlands Producers who have been described on this site export their goods and expertise, but they also retain a strong domestic customer base. One of these is Elta Fans, shortlisted for ‘Manufacturing Champion’ in the June 2015 Express & Star Business Awards. Elta Fans is a division of the Elta Group, a British owned, which originated and still resides in the West Midlands.
Elta’s Residential Division offers a full system installation and design of whole house ventilation systems for social and private housing. Many modern houses are so well insulated and sealed that they develop problems with mould forming in the buildings which can lead to serious health issues for the occupants.
Its Applied Technology division operates in more specialist market sectors such as marine, traction, heat transfer, refrigeration and agriculture – providing standard or modified products, as well as bespoke fans for precise market applications.
Clearly there is a strong domestic market for such products and we hope to see Elta Fans expanding production for the home markets well as exporting.