What's Happening?
WH Davis, the UK's sole independent railway wagon manufacturer, is set to expand its workforce by 25% following a €44 million export deal to supply 150 freight wagons to Ireland. This expansion, supported by UK Export Finance, will increase the company's staff from 80 to 100 at its Shirebrook manufacturing site. The deal marks a significant milestone for WH Davis, enabling it to explore new international markets and contribute to local employment.
Why It's Important?
The expansion of WH Davis is a testament to the strength of UK manufacturing and its potential in international markets. The deal not only boosts local employment in Shirebrook but also positions WH Davis as a key player in the rail freight industry. The support from UK Export Finance highlights the importance of government backing in facilitating growth and export opportunities for small and medium enterprises.
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What's Next?
WH Davis is already in discussions for the second phase of the contract, which could lead to further product development and export expansion. The company is preparing to target additional markets across Europe and internationally, potentially opening new doors for UK rail manufacturing.
