City Jaw manufactured with Co-op funding
Tamworth engineering company Crushers has sold its first mobile crushing machine after securing funding from The Co-operative Bank.
The machine, known as The City Jaw 1830, is being sold to Krossning & Sortering SRC in Sweden. The unit will be used to crush granite for the development of a wind turbine site.
The Co-operative Bank has provided finance for the firm to develop the 20-tonne, electrical machine which crushes bricks and reinforced concrete and granite.
In the next five years the business plans to establish a global network of dealerships in more than 40 countries and achieve sales of 50 machines per year, with a projected turnover in excess of £10m. The company currently employs six people and has an annual turnover of £1m.
Martin Lee, senior corporate manager at The Co-operative Bank’s North Midlands Corporate Banking Centre in Stafford, said: “We have been Crushers-UK’s sole banker since it formed in 2009.
“The sale of its first City Jaw 1830 is a landmark for this young and growing business and because our strategy is to develop long-term relationships with our customers, we very much look forward to supporting Crushers-UK in the future.”
