Partner Article

Firm creates 40 jobs on 25th anniversary

North East electrical engineers Houghton International have celebrated their 25th year in business by announcing the creation of 40 jobs over the next three years.

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.

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’s recent growth has been a result of it taking a 10% market share in the UK’s rail traction motor industry, including winning contracts with Tyne and Wear Metro, Unipart Rail and MerseyRail.

Michael Mitten continued: “We are seeing an opportunity to take business to a whole new level.

“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.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .