
Pictured above: Simon Woods, educational products
director, TecQuipment
A small manufacturing company is defying the recession,
exporting its specialist education equipment across the globe which
includes helping to train students in war-torn Iraq.
Business is growing at Long Eaton, Derby-based TecQuipment which
underwent a quiet revolution last August, 50 years after it was
formed to design and manufacturer equipment for university
engineering students.
Over the years the company had diversified and become TQ
Education and Training, with the head office based at Lockington,
but last year the directors decided to de-merge to allow both sides
of the business to grow in their separate ways.
Simon Woods, educational products director, who had joined the
company in 1973 as an engineering student, bought the manufacturing
base in Bonsall Street along with the equipment and intellectual
property rights, and reverted back to its original name and
products operation.
The gamble has paid off. The company has increased its annual
turnover and exports to more than 65 countries worldwide, expecting
to boost this to 70 by the end of its financial year.
TecQuipment employs more than 50 people and manufactures more
than 500 products, ranging from the type of equipment used by
A-level physics students to that used by engineering under and
post-gradutes.
Earlier this year it manufactured and installed at Cardiff
University a power system simulator used for training engineering
students in how to operate a power station.
It is now producing another one for Kuwait and is hoping to have
orders for two more from the Far East.
One of the company's top six markets is war-ravaged Iraq, which
it has been supplying equipment to 40 years and where Simon will be
visiting in July to address a seminar for university lecturers.
"Iraq has always modelled its education system on that of the UK
so the country has consistently produced a high calibre of
university graduates, particularly in engineering," he said.
"Now the market is opening up there again it's great to know
that we are at the forefront of helping the engineers of tomorrow
who will be involved in re-building their country."
TecQuipment sells through a network of agents across the world.
Simon does not just sit in his office directing operations; he
regularly packs his bags and with a handful of colleagues travels
abroad to promote the company and what it can offer.
So far they have visited 30 countries this year, some of them
hostile environments, but safety of staff is always the top
consideration, with Simon stressing he would not send anybody to a
country where he is not prepared to go himself.
"Helping to train others is the ethos behind the company. We
feel strongly that education is the platform for some countries to
develop.
Simon is a strong believer that manufacturing will help the UK
out of its current economic problems, and he feels that TecQuipment
is showing the way.
"Our products are recognised as market leaders throughout the
world and that's down to our design and manufacturing skills in
Long Eaton where we produce high quality, high-tech equipment," he
said.
He admits he took a substantial personal and financial risk when
he bought out and became the owner last year, but is pleased it is
showing signs of growth.
Now, with changing trends in manufacturing the company is
looking for new premises that are more appropriate for the way it
operates, but Simon - who is also a director of enterprise agency
Erewash Partnership - is adamant that these must be within the area
so as to hold on to his dedicated and specialised workforce.